Societe Generale Expands Stablecoins to Decentralized Markets
Societe Generale-FORGE has launched its euro and dollar stablecoins on Morpho and Uniswap. This move brings regulated stablecoins into decentralized finance (defi) for the first time.
On Morpho, users can now borrow EURCV and USDCV using crypto assets like Bitcoin and Ethereum as collateral.These stablecoins are also listed on Uniswap for spot trading. flowdesk provides liquidity, while MEV Capital manages risk.
This deployment reflects growing interest from institutions in DeFi. It tests how regulated bank-issued stablecoins perform in decentralized markets. SG-FORGE aims to offer a complementary approach, not a replacement for existing options.
The company notes, “We want to provide regulated assets for 24/7 financial operations.” This shift treats DeFi as a new trading venue, similar to conventional markets.
A key feature is the introduction of tokenized money market funds. These funds blend traditional yield-bearing instruments with decentralized lending. MEV Capital oversees eligible crypto assets and manages default risks.
Uniswap’s role is crucial. It tests whether bank-issued stablecoins can operate under the same liquidity dynamics as native crypto tokens. This rollout is a notable step for Societe Generale in the DeFi space.
