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
Filecoin Onchain Cloud launches mainnet, providing a programmable storage and payment layer.
Filecoin officially launched its on-chain cloud services on March 27, providing developers with programmable storage and payments, supporting dual-replica redundancy and data verification. Storage costs are $250,000 per TiB per month. It is expected to roll out an enhanced version of the SLA to support AI development; more than 100 teams in multiple fields are already using the service.
GateNews18m ago
Eigen Labs releases AgentKit Beta, supporting the creation of autonomous AI agents that can hold assets.
Eigen Labs released the first Beta version of AgentKit on March 27, which is a developer toolkit focused on building autonomous AI agents capable of holding assets, making payments, and managing identities. The initial applications are centered around media agents for automatically generating content, with plans to add integrations with social platforms and improvements to the user interface in the future.
GateNews21m ago
Eigen Labs releases the Beta version of AgentKit, which supports the creation of autonomous AI agents that can hold assets.
Eigen Labs released the first Beta version of AgentKit on March 27, which is a toolkit for developers to create AI agents capable of independently managing identities and assets. The initial application scenario is autonomous media agents, with plans to expand integration with social platforms and add new features in the future.
BlockBeatNews40m ago
Filecoin Onchain Cloud launches the mainnet, providing developers with a programmable storage and payments layer
Filecoin has announced that its "on-chain cloud" has officially launched on the mainnet, providing a programmable storage and payment layer, and supporting data verification. The starting price for storage is $25,000 per TiB per month. Over 100 teams are already involved, storing 49.41 TiB of data, and a premium service level agreement will be launched in the future.
BlockBeatNews41m ago
Matsumoto Kiyoshi has joined! Japan’s drugstore association introduces tokenized deposits to further speed up payments and logistics efficiency
The Japan Chain Drugstore Association has introduced DCJPY tokenized deposits to reduce payment processing fees and improve logistics efficiency. This move demonstrates Japan's emphasis on blockchain and digital finance, and it collaborates with SBI Bank to provide new financial services. Additionally, DCJPY plans to expand into cross-border payments, partnering with Singaporean companies to connect to global markets.
CryptoCity1h ago
OpenAI resets Codex usage limits, first batch integrates development tools like Slack, Figma, and others.
Gate News reports that on March 27, Thibault Sottiaux, head of OpenAI Codex, announced that the usage limits for Codex across all plans have been reset to align with the newly launched plugin system. The first batch of integrated plugins includes commonly used developer tools such as Slack, Figma, Notion, and Gmail, allowing users to utilize Codex capabilities in more application scenarios. This move aims to encourage users to experience the newly launched plugin features.
GateNews1h ago
