Crypto & Payment in Euro: Why the EURCV stablecoin is a revolution

As DeFi takes shape, euro-denominated stablecoins are becoming essential to Web3. Among them, EURCV, issued by Société Générale – FORGE, stands out as a solid and regulated initiative. At Lyzi, we believe in a future where stablecoin payments—simple, fast, and secure—will become part of everyday life. EURCV marks a key step towards this reality. Here's a closer look.

What is the EURCV?

EURCV (for Euro CoinVertible) is a stablecoin issued by Société Générale – FORGE, the blockchain subsidiary of the Société Générale group. It is a digital token pegged 1:1 to the euro, designed to operate on the Ethereum blockchain. Its objective: to facilitate euro transactions on blockchain networks while complying with European regulatory standards.

Key Features:

• 100% collateralized : each EURCV is backed by one euro held in reserve by Société Générale.
• Transparency and compliance : the issuance and management of the stablecoin follow a strict framework in accordance with regulatory requirements (MiCA in particular).
• DeFi Compatible : Built on Ethereum, EURCV is interoperable with Web3 applications.

Why is a euro stablecoin essential?

Until now, the stablecoin universe has been largely dominated by dollar-backed tokens (USDT, USDC, etc.). However, for European users, businesses, and institutions, using a euro stablecoin is more natural, more practical, and more compliant with local financial standards. This opens the door to concrete use cases: payments, inter-company settlements, decentralized finance (DeFi), e-commerce, etc.

Towards the use of stablecoins in payments

Visa, Mastercard, PayPal, Société Générale… All are interested in this booming market. Stablecoins allow cross-border transfers in a few minutes compared to 2 to 8 days via Swift (international system). Stablecoins offer yields (for example, 3.7% for PayPal's stablecoin to boost its adoption). In addition to famous dollar-backed stablecoins like USDT and USDC, others are preparing euro-backed tokens like EURCV. Tether's stablecoin has a capitalization of more than $130 billion: it's a digital gold rush, with each player having their share, their currency, and their network. Although 1,900 cases of "de-pegs" were recorded in 2023, highlighting fragile confidence, stablecoins are a challenge for Europe, encouraging a boom in usage in dollarized zones.