According to @CryptoKing4Ever, the supply of EURCV, the euro-backed stablecoin issued by Societe Generale, has grown nearly 400% on Ethereum year over year (source: @CryptoKing4Ever on X, Oct 4, 2025). According to @CryptoKing4Ever, this is framed as a significant step for Europe as traditional finance moves on-chain, led by one of France’s oldest banks (source: @CryptoKing4Ever on X, Oct 4, 2025). According to @CryptoKing4Ever, the development underscores rising European stablecoin adoption and the presence of EURCV on Ethereum for euro-denominated on-chain settlement (source: @CryptoKing4Ever on X, Oct 4, 2025).

According to Crypto Rover, the European Union has approved 10 companies, including Circle, Societe Generale, and Crypto.com, to issue stablecoins under the Markets in Crypto-Assets (MiCA) regulation. These companies are now authorized to release 10 EUR-pegged and 5 USD-pegged stablecoins. This move is significant for traders as it expands the stablecoin market within the EU, potentially increasing liquidity and providing more trading options across different currency pegs.