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Apr 21

Developers criticized the French stablecoin for its strong centralization

The new euro-backed stablecoin issued by French bank Societe Generale-Forge (SGF), called EUR CoinVertible (EURCV) and built on Ethereum, has faced criticism due to restrictions on peer-to-peer transactions. The stablecoin is designed exclusively for qualified institutional clients, but cryptocurrency experts have expressed dissatisfaction with the smart contract code and its centralized nature. According to experts, for successful integration of traditional and digital assets, financial inst...

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