Société Générale to Launch USD-Backed Stablecoin on Ethereum
- Société Générale plans to launch a US dollar-backed stablecoin on the Ethereum blockchain.
- The stablecoin will initially be available for institutional use only, not retail customers.
- SG Forge, the bank’s cryptocurrency division, is leading this initiative.
- There are future plans to extend the stablecoin offering to the Solana blockchain.
- This move follows Société Générale’s previous euro-backed stablecoin launch in 2023.
Société Générale is advancing its digital asset strategy by introducing a USD-backed stablecoin on Ethereum, targeting institutional clients and planning future expansion to Solana. This follows their earlier euro-backed stablecoin initiative.
Source (2.6)https://coingape.com/40b-bank-to-launch-dollar-backed-stablecoin-on-ethereum-and-solana/?rand=24432
