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
CoreWeave CEO shares GPU leverage strategy and the ideal future under AI capital effects
CoreWeave CEO Michael Intrator shares his journey from running a computational hedge fund to becoming a professional infrastructure provider. He emphasizes innovative GPU leverage financing models to address hardware costs and discusses challenges such as GPU shortages and power supply issues. He predicts that artificial intelligence will lower the operational capital threshold for businesses, opening up new possibilities.
ChainNewsAbmedia14m ago
DeFi Protocol Moonwell Faces $1M Threat After Cheap Token Buy
_Moonwell faces $1M risk after attacker buys cheap tokens and submits malicious vote proposal to gain control of DeFi lending protocol contracts._
A decentralized finance platform called Moonwell is facing a serious security threat after a very cheap attack. The incident was a surprise to the
LiveBTCNews2h ago
Zcash Rally Gains Strength as Privacy Demand and ZODL Funding Lift ZEC
Key Insights:
The Zcash price rose above $235 with strong volumes, reflecting sustained institutional participation and signaling broader market confidence in privacy-focused digital assets.
The $25 million ZODL funding supports protocol upgrades, wallet growth, and shielded adoption,
CryptoNewsLand2h ago
Analysis: Elon Musk recruiting Benji Taylor may indicate that X is planning to develop a wallet, on-chain payments, or even DeFi.
ARK Invest Digital Asset Research Director Lorenzo Valente pointed out that the importance of Elon Musk recruiting former crypto wallet founder Benji Taylor as the chief designer for the X platform may be underestimated. His background could bring new directions for X, including wallets and on-chain payments.
BlockBeatNews4h ago
The First USDCx Data on Cardano Is In, and It’s Strong
Cardano shows mixed signals; while institutional interest grows with significant tokenization and clear regulatory recognition, ADA's price remains weak. Yet, early data from the USDCx rollout reveals promising activity, indicating steady growth in liquidity and DeFi engagement, suggesting that fundamental improvements may eventually reflect in the price.
CaptainAltcoin4h ago
OpenClaw Founder: Discrawl 0.2.0 version has been released, with significantly improved synchronization speed
BlockBeats News, March 26 — OpenClaw founder Peter Steinberger announced, "Discrawl 0.2.0 has been released, with a significant improvement in synchronization speed. I use it every day to understand the biggest pain points in the OpenClaw Discord community."
BlockBeatNews5h ago
