French banking giant Société Générale launches euro-backed stablecoin
EUR CoinVertible was listed on Bitstamp this week, making Société Générale the first regulated banking institution to issue its stablecoin to the masses.
Latest Société Générale News
Societe Generale ‘crypto’ division secures France’s first digital asset license
While being granted France's first-ever DASP license brings SG Forge closer to launching its stablecoin, it remains unclear whether it would open doors for other firms to receive permits from the AMF.
SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2
The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting participants to proceed with the next phase.
French bank wins approval to offer digital assets services
Societe Generale is the third-largest in France and the sixth-largest player in the European Union, with $1.4 billion in assets and an impressive balance sheet.