SG Forge, the crypto arm of Societe Generale, has recently unveiled the EUR CoinVertible, an Ethereum public blockchain-based euro stablecoin. SG Forge has created a digital asset to help bridge the gap between traditional capital markets and the digital assets ecosystem. This asset is designed to maintain a stable value and is compliant with banking, legal, and regulatory standards. The project is fully integrated and regulated to ensure that it meets the highest standards.
The price of Algorand (CRYPTO: ALGO) has continued to drop over the past week, decreasing by a total of 11.0%, from its original value of $0.22 to its current price of $0.20. Over the past 24 hours, the price has decreased further by 5.61%. The trading volume of ALGO has seen a remarkable growth of 78.0% in the past week, while the amount of coins in circulation has risen to 7.23 billion, representing 72.3% of the maximum supply of 10.00 billion. ALGO’s market cap ranking is currently at #42, with a value of $1.41 billion.