Société Générale’s useless euro stablecoin: when bank blockchain units go feral

Société Générale’s euro-backed stablecoin, EUR CoinVertible (EURCV), has been listed on the Bitstamp exchange in Luxembourg!

This is the first stablecoin issued by a bank! If you stretch the word “first” and the word “stablecoin.”

EURCV is as useful as every other enterprise blockchain scheme — it doesn’t do anything, but you can market it with ancient bitcoin slogans with a different buzzword in them.

This time, we’re over at Amy’s place. [Amy Castor]


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