Safe Labs – the startup behind the multi-signature wallet Safe{Wallet} – announces a new initiative to help users easily access and earn yields with EUR CoinVertible (EURCV), a euro-pegged stablecoin issued by a French bank.
Accordingly, users can build on-chain euro-denominated savings accounts and earn yields from DeFi strategies. CEO Rahul Rumalla said the demand for high-quality yield infrastructure for euro stablecoins is increasing, similar to what exists with USD-pegged stablecoins, especially among institutional clients managing large funds.
As part of the initiative, Safe will enable connection to a dedicated vault for EURCV on the decentralized lending protocol Morpho. Yields will be paid directly to users’ Safe wallets. This vault leverages expertise from Steakhouse Financial to select profit-generating opportunities in DeFi.
EURCV is a euro-pegged stablecoin compliant with EU MiCA regulations, issued by Societe Generale-FORGE, a subsidiary of Société Générale.
Steakhouse will oversee the deployment of EURCV into the Safe Morpho vault, including setting risk parameters and a list of eligible collateral assets, aiming to optimize capital allocation. It is also one of the largest vault managers on Morpho.
Safe, originating from a non-custodial wallet project spun off from Gnosis, reported a fivefold increase in revenue in 2025, handling approximately $600 billion in transaction volume. Safe’s multisig solution based on smart contracts is now considered the security standard for many DAOs, funds, and organizations in the crypto space.
With a strategic goal of reaching $100 million in annual recurring revenue by 2030, Safe is expanding into new areas. Last November, Safe partnered with Hypernative to integrate automated transaction protection mechanisms and direct policy control within the wallet.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Depot launches the enterprise-level financial services platform ReadyBucks
Gate News Announcement: On March 10, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot announced the launch of its enterprise-level financial services platform ReadyBucks, providing working capital support for small businesses, gig economy workers, and independent contractors. According to Globenewswire, ReadyBucks is currently available in multiple states across the United States, with plans to gradually expand to more regions.
GateNews2m ago
Starknet will deploy the STRK20 framework, supporting privacy stablecoins and other assets.
Starknet is developing a privacy feature called STRK20, aimed at allowing teams to issue compliant protected stablecoins and other assets. It is expected to be deployed later this year, supporting the ERC-20 standard to ensure privacy of transactions and balances.
GateNews27m ago
World Liberty Financial Launches Governance Vote to Enable Staking for WLFI Holders
World Liberty Financial has put up its proposal to enable staking for WLFI holders to a vote that runs for the next seven days.
The proposal has received 99.2% backing, with 903 million tokens supporting it, while 5.8 million voted against it.
World Liberty Financial recently introduced a pr
CryptoNewsFlash31m ago
Comtus Holdings Pushes For Standardization Of Won Stablecoin Transfers
Comtus Holdings proposed a standardized framework for won-backed stablecoins in South Korea to enhance adoption and regulatory compliance. This initiative aligns with the ongoing discussions of the Digital Asset Basic Act, aiming to bolster domestic currency demand while ensuring user protection and financial stability.
Blockzeit1h ago
Gate for AI upgrades CEX MCP module, AI Agent can directly invoke centralized trading capabilities
Gate announces the upgrade of its AI Agent infrastructure, adding the CEX MCP module, enabling AI to directly access the centralized trading capabilities of exchanges, achieving real-time market data retrieval and trading operations, including order placement, order cancellation, and asset management, forming a complete system from market analysis to trade execution.
GateNews2h ago
