SG Forge, a subsidiary of Socie ́ te ́ Ge ́ ne ́ rale, has announced that it will launch the EUR Coin Vertible (EURCV), a euro stablecoin, on the Solana blockchain. EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to US dollar stablecoins such as Tether and Circle. However, EURCV has not fared well on Ethereum, with only 28 holders, 154 transactions recorded and a circulation of 33 million, according to Etherscan data. SGForge hopes to test crypto users' demand for euro stablecoins on a faster and lower-cost network by issuing EURCV on Solana.