Stablecoin on Ethereum and Solana!
In a groundbreaking move that signals deepening institutional adoption of blockchain, Société Générale, one of France’s largest and oldest banks, has announced its plan to launch a US dollar-pegged stablecoin. Even more interesting, the coin will be natively built on both Ethereum and Solana, two of the most dominant smart contract networks in the crypto space.
This is the first time a major European bank has ventured into the USD stablecoin arena at this scale, and it could mark the beginning of a new phase for regulated DeFi.
💸 A New Era for Stablecoins?
According to the bank’s official announcement, the upcoming stablecoin, rumored to be called SG-USD, will serve institutional clients, fintechs, and corporate treasuries. But the real headline: it will be publicly accessible and interoperable with DeFi platforms.
Key details revealed:
USD-pegged and backed by regulated U.S. dollar reserves
Launched on Ethereum and Solana for high compatibility and scalability
Designed for real-world asset (RWA) tokenization, remittances, and on-chain settlements
Fully compliant with MiCA regulations and other EU financial frameworks
The bank’s choice of Ethereum and Solana is strategic:
Ethereum offers unmatched decentralization and is the most trusted smart contract ecosystem for institutions.
Solana brings speed and cost-efficiency, with transaction fees as low as a fraction of a cent, attractive for micropayments and high-frequency operations.
By leveraging both chains, SG aims to tap into different segments of the DeFi market, while ensuring flexibility, liquidity, and innovation.
🏦 TradFi Meets DeFi
Société Générale has been one of the most blockchain-friendly banks in Europe:
In 2021, it issued tokenized bonds on Ethereum.
In 2023, it launched a euro stablecoin (EURCV) on public chains.
Now, in 2025, it becomes one of the first TradFi banks to launch a USD stablecoin, potentially rivaling Circle’s USDC and Tether’s USDT in the regulated space.
This launch could encourage other banks to follow suit, setting off a wave of stablecoin innovation backed by legacy financial institutions.
🚀 Potential Impacts on Crypto
Here’s why this move is a big deal:
Bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi)
Gives institutional legitimacy to stablecoins, which are often scrutinized
Boosts Ethereum and Solana’s institutional-grade use cases
Opens the door for tokenized securities, real-world settlements, and corporate DeFi
The timing is also critical, just as MiCA is going into effect, and stablecoin regulations are becoming clearer globally.
✅ Conclusion
Société Générale’s launch of a USD stablecoin on Ethereum and Solana may redefine how institutions interact with crypto. It’s more than just another stablecoin, it’s a validation of public blockchains by one of the most conservative sectors in finance.
If adoption follows, this could pave the way for regulated DeFi, bank-issued RWAs, and a new era where blockchain becomes a foundation of global finance.