Jun 27
Euroclear and SG-FORGE to Explore USD Stablecoin Settlement for Tokenized Commercial Paper
➤ Euroclear and Societe Generale-FORGE (SG-FORGE) are collaborating to explore the use of a regulated USD stablecoin (USD CoinVertible) for settling tokenized Negotiable European Commercial Paper (NEU CP) on DLT. ➤ This initiative aims to digitalize European short-term funding markets, offering more efficient funding conditions and enhanced market liquidity for issuers. ➤ The project focuses on regulatory compliance (MiCA) and operational robustness, complementing existing efforts like Project Pythagore for euro-denominated instruments.