Bitpanda now offers regulated stablecoins for lending and borrowing in decentralized finance.
- Bitpanda adds EURCV and USDCV stablecoins to its platform and DeFi wallet
- Users can earn yield using these assets on Morpho and Uniswap
- The coins follow EU MiCA rules for secure and legal use
Bitpanda and Societe Generale-FORGE Expand Partnership
Bitpanda, a crypto platform from Austria, has teamed up again with Societe Generale-FORGE (SG-FORGE). Together, they want to bring more secure and legal stablecoins into decentralized finance (DeFi). The goal is to give users in Europe access to regulated digital tools they can use on the blockchain.
What Are CoinVertible Stablecoins?
The two stablecoins are called EUR CoinVertible (EURCV) and USD CoinVertible (USDCV). These coins match the value of the euro and U.S. dollar. They are fully regulated, following the EU’s MiCA (Markets in Crypto-Assets) framework. Their main goal is to offer users trust and price stability. Many stablecoins today are not regulated, which can make them risky.
How Can You Use Them on Bitpanda?
Bitpanda is now the first retail platform in Europe to let users lend and borrow using these regulated coins. People can do this through popular DeFi tools like Morpho and Uniswap. This means European users can earn a return on their assets while staying inside legal rules.
More Plans for Web3 Adoption
The CEO of SG-FORGE, Jean-Marc Stenger, said this is a big move towards making bank-level assets available in crypto. Bitpanda’s Co-CEO, Lukas Enzersdorfer-Konrad, added that the company is building more tools for Web3. He mentioned a future product called the Vision token and a new system called the Vision Chain.
Why This Matters to You
This partnership shows how crypto is growing in a safer direction. With more regulated products, people in Europe can use DeFi with less risk. It also helps connect traditional banking and new crypto tools in ways that can benefit everyday users.
Source: coindesk.com
