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
InterLink Launches Version 5.0 With KYC Integration and Exclusive Visa Card
InterLink Labs, a renowned Web3 platform, has announced the launch of its new version. Hence, InterLink Labs is introducing version 5.0, offering a series of diverse upgrades to seamlessly connect information, digital assets, and identity within an inclusive model. As InterLink Labs mentioned in its
BlockChainReporter2h ago
Encryption Supremacy: Zcash and Privacy in the Age of Scale
The essay discusses advancements in machine learning for Bitcoin transaction classification, highlights Zcash's increasing use of shielded transactions, and outlines the growth of decentralized liquidity in bypassing KYC. It also covers Zcash's post-quantum initiatives and its recent organizational restructuring.
CoinDesk4h ago
MSX Launches "Novice & Education" Initiative to Bridge Knowledge Gap in Tokenized Equity Trading
SINGAPORE — April 1, 2026 — MSX, a leading RWA trading platform, today announced the launch of its "Novice & Education" program. This strategic initiative is designed to equip the growing number of investors migrating from crypto-native assets to the tokenized equity market with a systematic
CoinDesk7h ago
Shiba Inu: Shibarium Transactions See 1,889% Drop Amid Reset - U.Today
Shibarium, the Shiba Inu Layer-2 blockchain, recently underwent a major infrastructure update, with 86% of its blocks indexed. Daily transactions fell significantly to 557 post-upgrade. Despite operational functionality, explorer data is still syncing, which may explain the low transaction numbers. SHIB's price fell 0.94%, reflecting overall market bearish sentiment and subdued trading activity.
UToday10h ago
Metaplanet Responds to JPX Regulatory Update Consultation: It Does Not Affect the Advancement of Its Bitcoin Strategy, With More Than 216,000 Japanese Shareholders Already Participating
Metaplanet CEO Simon Gerovich said he respects the decision by a Japanese exchange to delay the inclusion of cryptocurrency companies, and emphasized that the company will continue to pursue its Bitcoin strategy. Through the “Project Nova” project, it will help develop Japan’s Bitcoin ecosystem; it has already attracted more than 216k shareholders and will continue to communicate with all parties.
GateNews12h ago
