Societe Generale-FORGE Partners with Bitpanda to Promote Stablecoin Adoption Across Europe

Societe Generale-FORGE (SG-FORGE), a regulated subsidiary of Societe Generale, has forged a long-term partnership with Bitpanda, a European cryptocurrency broker, to promote the use of digital assets across Europe. 

The first stage of this partnership will focus on increasing the accessibility and adoption of SG-FORGE’s MiCA1-compliant stablecoin EUR CoinVertible, which will  be listed on Bitpanda’s platform and made available to retail investors as well as white label partners in the coming weeks.

This enables European investors to trade the stablecoin alongside other cryptocurrencies as well as traditional assets. The move is designed to make stablecoins, which offer stability compared to more volatile cryptocurrencies, more accessible for everyday use in financial transactions.

“This partnership is a crucial step towards achieving our vision of making stablecoins a core component of the global financial system,” said Jean-Marc Stenger, CEO of Societe Generale-FORGE. “Together with Bitpanda, we are confident in our ability to offer European users a stable, secure, and accessible digital currency.”

The listing of EURCV on Bitpanda’s platform will not only help in its adoption but also in expanding its use cases across Europe. This includes cross-border payments, remittances, and everyday transactions, offering a practical digital alternative to traditional financial services.

A focus on financial inclusion

Both SG-FORGE and Bitpanda share a commitment to enhancing financial inclusion by making digital assets accessible to a broader audience. EURCV, as a regulated stablecoin, provides a reliable store of value that can act as a bridge between the volatile cryptocurrency market and traditional financial systems. By offering stablecoins like EURCV, the partnership aims to give European consumers a secure way to engage with the digital economy.

Lukas Enzersdorfer-Konrad, deputy CEO of Bitpanda, also highlighted the importance of regulated stablecoins: “EUR based stablecoins are essential to the future of digital assets in Europe. The landscape is changing, integration with traditional finance is increasing, and fully regulated stablecoins are the bridge that will make it possible. We will work with Societe Generale-FORGE to bring that future one step closer.”

Expanding use cases

One of the key goals of the partnership is to unlock new use cases for EURCV across Europe. This includes facilitating cross-border payments, remittances, and other everyday financial transactions that benefit from the stability and security of a regulated stablecoin.

By providing access to a digital currency that combines the benefits of blockchain technology with the trustworthiness of traditional finance, the partnership aims to expand the role of digital assets in the European economy.

Bitpanda’s integration of EUR CoinVertible aligns with the broader goals of the European Union’s regulatory framework for digital assets, positioning stablecoins as a crucial part of the region’s financial future.

The post Societe Generale-FORGE Partners with Bitpanda to Promote Stablecoin Adoption Across Europe appeared first on The Fintech Times.

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