#Ethereum Société Générale will launch a dollar stablecoin on Ethereum, the first by a global bank on a public blockchain

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Société Générale will launch a dollar stablecoin on Ethereum, the first by a global bank on a public blockchain

Javier Lopez Written by Javier Lopez 21 hours ago

Paris, France - December 3, 2014: Societe Generale Headquarter entrance in La Defense. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services. Societe Generale is the 7th largest bank in Europe (Q4 2015)

Paris, France - December 3, 2014: Societe Generale Headquarter entrance in La Defense. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services. Societe Generale is the 7th largest bank in Europe (Q4 2015)

IMPORTANT POINTS:

Société Générale will launch a dollar stablecoin on Ethereum, becoming the first global bank to do so on a public blockchain.

The asset will initially target institutional investors in the EU and will operate under an electronic money license, with plans to expand to networks like Solana.

The launch reflects the growing convergence between traditional banking and stablecoins, amid increasing regulated demand and political support for these assets.

SG Forge, the subsidiary specialized in crypto assets and blockchain technology of Société Générale, one of the largest banking groups in Europe, is about to launch a dollar-backed stablecoin on the Ethereum network, as reported by The Big Whale on Tuesday, citing sources close to the project.

This launch would make Société Générale the first global bank to issue a dollar stablecoin on a blockchain $ETH