Societe Generale’s Crypto Arm Deploys Euro and Dollar Stablecoins on Uniswap, Morpho

Societe Generale’s digital asset subsidiary, SG-FORGE, has officially launched its euro (EURCV) and dollar (USDCV) stablecoins on decentralized finance (DeFi) platforms, enabling borrowing, lending, and trading on Ethereum-based protocols. This move opens new avenues for clients to transact continuously with assets pegged to major currencies through smart contracts. Users on Morpho can now lend and borrow these stablecoins using collateral like major cryptocurrencies and regulated tokenized funds. Furthermore, the listing on Uniswap will facilitate a new spot market for EURCV and USDCV, with Flowdesk managing liquidity to allow efficient trading without traditional intermediaries. While the market caps of these stablecoins are notably smaller than leading competitors, this initiative positions SG-FORGE as a significant player in the DeFi space, reflecting a deeper engagement with digital currencies by traditional financial institutions.

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