SocGen’s Crypto Arm to Launch Dollar Denominated Stablecoin on Ethereum, Reports Say
The stablecoin, initially for institutional investors, follows the launch of SG Forge’s euro stablecoin, EURCV.
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Société Générale
The stablecoin, initially for institutional investors, follows the launch of SG Forge’s euro stablecoin, EURCV.
The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.
Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.
The listing marks the first time a euro stablecoin issued by a fully regulated bank is available on a cryptocurrency exchange.
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.