societe Generale Expands Stablecoins to Decentralized Markets
Societe Generale-FORGE has launched it’s EURCV and USDCV stablecoins on Morpho and Uniswap. This move broadens the reach of these regulated digital assets beyond traditional exchanges.
On Morpho, users can now borrow EURCV and USDCV using crypto assets like wrapped Bitcoin and staked Ether as collateral. The stablecoins are also listed on Uniswap for spot trading, wiht Flowdesk providing liquidity. MEV Capital manages risk and liquidity.
This deployment reflects growing interest from institutions in decentralized finance (DeFi). It tests how regulated bank-issued stablecoins perform in decentralized markets. According to Societe Generale, this is not about replacing existing stablecoins but offering regulated options for specific use cases.
SG-FORGE aims to provide clients with a 24/7 operational venue for financial operations. The Morpho vaults introduce tokenized money market funds, blending traditional yield-bearing instruments with decentralized lending.
MEV Capital oversees the eligible crypto assets used as collateral and manages default risks. Uniswap’s role is to test if bank-issued stablecoins can operate under the same liquidity dynamics as crypto-native tokens.
This expansion marks a meaningful step for Societe Generale in the DeFi landscape, positioning it as a key player in the evolving digital asset market.
