Societe Generale Launches Euro and Dollar Stablecoins in DeFi
- SG-FORGE has introduced its euro (EURCV) and dollar (USDCV) stablecoins to DeFi platforms, enabling borrowing, lending, and spot trading.
- The stablecoins are now available on Ethereum-based protocols Morpho and Uniswap.
- EURCV has a market cap of $66 million, while USDCV stands at $32.2 million, significantly smaller than leading stablecoin Tether (USDT) with $174.8 billion.
- Users can lend and borrow EURCV and USDCV against cryptocurrencies like BTC and ETH.
- Market maker Flowdesk will provide liquidity for the new stablecoin listings on Uniswap.
This expansion into DeFi allows clients to transact continuously with assets tied to major currencies through smart contracts, enhancing accessibility in the cryptocurrency market.
With EURCV’s market cap at $66 million and USDCV at $32.2 million, SG-FORGE aims to increase its presence in the growing DeFi sector.(Source)
