Both organizations will continue to prioritize meeting the needs and preferences of clients while ensuring compliance with regulatory requirements. The partnership is anticipated to enhance the use of EURCoinVertible (EURCV) as a secure and efficient payment method for businesses and companies, offering faster transactions at lower costs.
As per official statements from BCB Europe, there is an increasing demand for euro-pegged stablecoins in emerging markets such as the Middle East, Africa, and Latin America. The EUR-denominated stablecoin could significantly reduce remittance costs by up to 80% without involving USD, making it a compelling alternative.
Details of the BCB Markets x Societe Generale – FORGE Partnership
According to the press release, the collaboration aims to support the growth and spread of EURCV as an effective payment tool across various geographical regions. The MiCA-compliant stablecoin is designed to meet stringent European regulations.
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