French Banking Giant to Launch World’s First Bank-Issued Dollar Stablecoin on Ethereum

Société Générale-FORGE Expands Euro Stablecoin Across Blockchains - Blockchain & Cryptocurrencies Tabloid

Société Générale-FORGE deploys euro-backed stablecoin EURCV on Ethereum, Solana, and XRPL. The post Société Générale-FORGE Expands Euro Stablecoin Across Blockchains appeared first on Blockchain & Cryptocurrencies Tabloid.

The launch, which is expected in the coming weeks, will turn Société Générale into the world’s first banking group to issue a stablecoin linked to the US dollar. *** Europe’s banking giant, Société Générale, is once again betting on the stablecoins. Through its subsidiary SG Forge, it is preparing to launch a token with parity in the US dollar. It will be the world’s first bank to issue a dollar stablecoin in Ethereum. A step towards financial i…

Key points of the news: Société Générale will launch the first dollar stablecoin issued by a bank in a public blockchain, starting in Ethereum. The asset will be aimed at institutional investors in the EU, with legal support thanks to SG Forge’s electronic money license. The dollarized stablecoins market exceeds $250 billion, while those of euro suffer due to regulatory constraints and low adoption. The banking giant Société Générale is preparin…

French banking giant to launch world’s first bank-issued dollar stablecoin on Ethereum

SG Forge's stablecoin launch could accelerate the integration of regulated digital assets into mainstream finance, enhancing global liquidity. The post French banking giant to launch world’s first bank-issued dollar stablecoin on Ethereum appeared first on Crypto Briefing.

Société Générale, via its subsidiary SG-Forge, becomes the first large bank to launch a stable dollar-backed stablecoin on Ethereum. This dollar token complements the EURCV and marks a strategic offensive to compete Circle and Tether in the stablecoins market. Thanks to its PSAN status and regulatory anchoring, Société Générale is positioning itself as a credible player in compliant tokenization in Europe. Société Générale becomes the first bank…

SG Forge, the subsidiary dedicated to the cryptocurrency of Société Générale, is planning to launch a stable dollar on the Ethereum blockchain (ETH). This would be a world first for a banking group. What is its frame at the heart of the bank? The article SG Forge (Société Générale) is about to launch a stable dollar appeared first on Cryptoast.