Safe Multisigs offers SG-FORGE’s Euro Stablecoin to Boost On-chain Savings
Berlin, GERMANY Tue, Feb 25, 2025 – Safe Labs, the operator of Safe Wallet, has announced a new initiative to enhance euro-denominated on-chain savings. This initiative aims to integrate a euro-native savings experience within mainstream smart account…
Berlin, GERMANY Tue, Feb 25, 2025 – Safe Labs, the operator of Safe Wallet, has announced a new initiative to enhance euro-denominated on-chain savings. This initiative aims to integrate a euro-native savings experience within mainstream smart account flows.
As part of this initiative, Safe users can connect to a dedicated vault on the Morpho decentralized protocol. This allows access to the EUR CoinVertible, a euro-pegged stablecoin issued by Societe Generale-FORGE, for both lending and borrowing.
EUR CoinVertible is a MiCA-compliant stablecoin. It supports euro-denominated use cases on-chain, including decentralized finance (DeFi), payments, and treasury operations for retail and institutional investors. Users can deposit their EUR CoinVertible into a dedicated Morpho vault curated by Steakhouse Financial to earn DeFi yield within their Safe Wallet.
Steakhouse Financial will manage the deployment of EUR CoinVertible into the Safe Morpho vault. This includes overseeing eligible crypto assets used as collateral, ensuring optimal capital allocation, and managing default risks.
Berlin, GERMANY Tue, Feb 25, 2025 – Safe Labs, the operator of Safe Wallet, has announced a new initiative to enhance euro-denominated on-chain savings.
This initiative is part of Safe Labs' efforts to integrate institutional-grade infrastructure into self-custody workflows. The company aims to enhance security and euro-denominated savings for teams managing significant on-chain value. Additionally, Safe is launching a limited-time EUR yield campaign, offering Safe users additional EURCV alongside native lending and borrowing yields.
Safe Labs GmbH develops enterprise-grade smart account infrastructure, catering to business and institutional uses. Based in Berlin, Germany, Safe Labs provides products and services to organizations adopting smart accounts at scale. It is a wholly owned subsidiary of the Safe Ecosystem Foundation.
This announcement is not an offer to sell or a solicitation of an offer to purchase any SAFE tokens. It should not be considered as financial advice. Readers are advised to conduct independent due diligence and consult appropriate professionals before making any financial or operational decisions.
Based on reporting by TechBullion.
