Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum

2 min read Original article ↗

EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.

Updated May 9, 2023, 4:12 a.m. Published Apr 20, 2023, 9:06 a.m.

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As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.

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Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.

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The integration provides institutions with a compliant way to hold TRX and will be expanded to include TRC-20 assets and native TRX staking.

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  • Anchorage Digital, a U.S.-regulated crypto bank, will add support for the Tron blockchain, starting with institutional custody for TRX, the network's native token.
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