Stable Standard - Week of September 16, 2024

New stablecoin players emerge as Circle expands global reach

1. 🏦 More Stablecoin Issuers This week saw a flurry of stablecoin announcements from various financial institutions, both crypto-native and traditional. Societe Generale's subsidiary Forge announced the launch of EURCV, a euro-backed stablecoin, on Solana. This move comes after previously launching EURCV on Ethereum, which has had lackluster results. While many euro-backed stablecoins have been launched recently by companies such as Circle, it's worth noting that non-USD stablecoins still account for less than 0.5% of the total stablecoin market cap. BitGo revealed plans to launch USDS,…

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