Press release
Safe Multisigs offers SG-FORGE's Euro Stablecoin to Boost On-chain Savings
press release
As part of the initiative, Safe will allow its users to connect to a dedicated vault on the Morpho decentralized protocol and access to the EUR CoinVertible, a euro-pegged stablecoin issued by Societe Generale-FORGE, for lending and borrowing.
EUR CoinVertible, a MiCA-compliant stablecoin, is designed to support euro-denominated use cases on-chain - including DeFi, payments, and treasury operations - for retail and institutional investors.
Through this deployment, Safe users will be able to deposit their EUR CoinVertible into a dedicated Morpho vault curated by Steakhouse Financial, seamlessly earn DeFi yield within their Safe {Wallet}.
Steakhouse Financial will oversee the deployment of EUR CoinVertible into Safe Morpho vault, supervise the list of eligible crypto assets used as collateral, ensure optimal capital allocation and manage the risk of default as a last resort.
"European users managing serious capital need the same quality of earning infrastructure that exists for dollar stablecoins," said Rahul Rumalla, CEO at Safe Labs. "This is about bringing institutional-grade EUR yield into self-custody, with a product experience that works at scale."
Safe is launching a limited-time EUR yield campaign allowing Safe users to get additional EURCV, in addition to the native lending and borrowing yield.
This announcement builds on Safe Labs' push to bring institutional-grade infrastructure into self-custody workflows, including its November 2025 partnership with Hypernative to embed automated transaction protection and policy controls directly into the Safe experience. Together, these efforts reflect the same direction: make it easier for teams managing meaningful onchain value to operate with stronger defaults, across both security and euro-denominated savings.
Baarerstrasse 14
6300 Zug
Switzerland
Safe Foundation
Samuel A
comms@safefoundation.org
About Safe Labs
Safe Labs GmbH builds enterprise-grade smart account infrastructure that brings Safe Smart Accounts to business and institutional use cases. Headquartered in Berlin, Germany, Safe Labs provides products and services for organizations adopting smart accounts at scale. Safe Labs GmbH is a wholly owned subsidiary of the Safe Ecosystem Foundation.
Legal Disclaimer
This is not an offer to sell or a solicitation of an offer to purchase any SAFE tokens and is not an offering, advertisement, solicitation, confirmation, statement, or any financial promotion that can be construed as an invitation or inducement to engage in any investment activity or similar.
The Safe Ecosystem Foundation makes no representations, warranties and/or covenants with respect to the Safe Technology (or any implementations of the Safe{Wallet} and/or Safe Smart Accounts) or any program (Grants, Hackathons and/or any other forms of funding) run by the Safe Ecosystem Foundation. You should not rely on the content herein for advice of any kind, including legal, investment, financial, tax, or other professional advice, and such content is not a substitute for advice from a qualified professional.
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