France’s Societe Generale to Launch US Dollar Stablecoin on Ethereum

Societe Generale, one of France’s largest banks, is set to revolutionize the stablecoin space with a groundbreaking move. SG Forge, the bank’s cryptocurrency arm, is preparing to launch a US dollar-backed stablecoin for institutional clients on the Ethereum blockchain. This would mark the first time a major bank issues a stablecoin on a public blockchain, according to sources close to the matter.