Société Générale Launches First Bank-Issued USD Stablecoin on Ethereum

Société Générale’s crypto arm, SG Forge, has launched the world’s first bank-issued USD stablecoin on the Ethereum blockchain. This innovative move, building on their previous success with the EURCV stablecoin on various blockchains, aims to serve institutional investors by offering a regulated and secure option for digital asset transactions. SG Forge is targeting institutions seeking regulatory compliance in the cryptocurrency space.