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Societe Generale's crypto division launches Euro stablecoin on Ethereum
Societe General launches Euro stablecoin on Ethereum
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I'm realy glad I found $SEAT. This is a great community and the DEV is really committed. I can't wait to make the big donation to CAST at the MC milestones.
“Do not CAST your pearls before swine”. Good advice
>The EUR CoinVertible stablecoin complies with major market standards, including the open-source interoperability and securitization framework known as Compliant Architecture for Security Token, or CAST, SG-Forge noted. The firm stressed that it will ensure “complete segregation” of the collateral assets backing the value of the stablecoins from the issuer and will provide daily transparency reports and collateral position Sounds like it's backed by something.
tldr; Kaiko has won the CAST challenge that offered up to €150K of prize reward for startups. Kaiko offers an “enterprise grade” solution for “regulatory compliant” data streams, opening the door for traditional institutional players to take advantage of crypto markets. This is a big step forward for the crypto industry in a move to legitimize itself within the traditional financial sector. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*