Stellar

Before a bank or a fund manager looks at any blockchain for payments, it already runs cross-border transfers through correspondent banking, SWIFT messaging and settlement systems built over decades. Stellar describes itself as an open, decentralized network that connects that financial infrastructure, with a payments pathway that settles in under six seconds and fees around $0.0001, reaching more than 180 countries. The network has processed over 1.5 billion operations since it launched in 2015 and now counts more than 4.8 million accounts.

Stellar's native token, XLM, pays transaction fees and anchors the network's built-in decentralized exchange, where users trade between assets, including fiat-backed tokens, directly onchain. That exchange and Stellar's support for asset issuance are why banks that want to issue a stablecoin or move a tokenized asset look at the network before they look at a smart-contract chain built primarily for DeFi trading. Stellar's own payments use-case page lists remittances, payroll runs, supplier invoices and treasury balances as the transfers institutions route across it, on and off ramps that local partners in each country provide between XLM or a stablecoin and the region's own currency.

Societe Generale-FORGE, the digital-assets subsidiary of French bank Societe Generale, issues EUR CoinVertible (EURCV), a euro-denominated stablecoin backed one-to-one by bank deposits and highly liquid assets and structured to meet the EU's Markets in Crypto-Assets Regulation. EURCV first launched on Ethereum in 2023, and Societe Generale-FORGE deployed it on Stellar after Ethereum, Solana and the XRP Ledger, making Stellar the fourth network to carry the token. SG-FORGE named Stellar's throughput of thousands of operations per second, its seconds-long settlement, its sub-cent transaction cost and its built-in decentralized exchange as the reasons for the choice.

A euro stablecoin issued this way lets a bank settle a payment or a tokenized-asset trade in central-bank-adjacent money without leaving the blockchain, instead of converting back to a bank account for every leg of the transaction. Because EURCV keeps the same issuer, the same reserve and the same MiCAR authorization on every chain it runs on, a counterparty that already trusts the token on Ethereum or Solana takes on no new issuer risk by receiving it on Stellar; only the settlement rail changes.

Under MiCAR, a euro-denominated stablecoin is an e-money token, and its issuer needs an e-money institution or credit institution license plus a MiCAR authorization before it can offer the token in the EU. Societe Generale-FORGE holds that status through its Societe Generale group license, which is why EURCV can move to a new chain, such as Stellar, without a fresh license for the chain itself; the license attaches to the issuer and the token, not to the network it runs on. A bank or asset manager that wants custody of EURCV or another stablecoin on Stellar in Germany still needs its own crypto custody license under the KWG from BaFin, the same requirement Finance Loop's page on euro stablecoins under MiCA sets out for EURAU and EURC.

A payments network still needs outside data, an exchange rate, a reserve balance, to run a stablecoin or a lending product safely. Stellar joined Chainlink Scale and adopted Chainlink Data Feeds, Data Streams and CCIP, giving contracts on Stellar the same price-feed and cross-chain messaging infrastructure Finance Loop describes on its Chainlink page. The integration sits alongside Stellar's own reserve and DeFi tooling; Finance Loop's page on oracle networks covers how Chainlink, Pyth and RedStone serve financial institutions on other chains.

Finance Loop is a strategic partner of the Digital Euro Association, whose Digital Euro Conference puts euro stablecoins on the agenda next to the digital euro, and supported the Bybit EU x Circle Roadshow in Frankfurt, with panels on stablecoins, USDC and EURC. Stellar and its stablecoin issuers sit in Finance Loop's Payments & Digital Money track, next to the digital euro and instant-payments topics its network covers in Frankfurt, Munich, Berlin and Hamburg.

Stellar carries cross-border payments and remittances, and increasingly the issuance of fiat-backed stablecoins such as EURCV. Its built-in decentralized exchange lets a user or an institution trade between assets on the network directly, without a separate trading venue.

XLM is Stellar's native token. It pays the network's transaction fees, which stay near a fraction of a cent per operation, and Stellar's decentralized exchange uses it as a bridge asset when two currencies have no direct trading pair.

Yes. Societe Generale-FORGE's EURCV runs on Stellar as one of four networks, alongside Ethereum, Solana and the XRP Ledger. EURCV is structured to meet MiCAR's e-money token rules and is backed one-to-one by bank deposits and liquid assets.

Yes. Societe Generale-FORGE, the digital-assets arm of French bank Societe Generale, issues its EURCV stablecoin on Stellar, and Stellar's own materials describe fintech and remittance companies using the network for cross-border payment rails.