Societe Generale Unveils U.S. Dollar-Backed Stablecoin

French banking giant Societe Generale is taking a significant step into the cryptocurrency world with the launch of a new stablecoin backed by the U.S. dollar. Their digital asset arm, SG Forge, will initially deploy this cryptocurrency on the Ethereum blockchain, marking an important development for traditional financial institutions embracing crypto assets. This move reflects a growing trend among established banks to integrate blockchain technology into their digital transformation strategies.