Société Générale to Issue First Bank-Issued Dollar Stablecoin on Ethereum

French banking giant Société Générale is poised to launch the world’s first bank-issued dollar stablecoin on the Ethereum blockchain through its crypto subsidiary, SG Forge. This groundbreaking move positions Société Générale as a pioneering multinational banking group to issue a dollar-backed stablecoin on a public blockchain. The stablecoin aims to cater specifically to institutional investors and seeks to meet the EU’s demand for regulated tokenized dollar liquidity. 🔒