Breaking: $40B Bank To Launch Dollar Backed Stablecoin On Ethereum And Solana
EthereSociété Générale’s cryptocurrency division SG Forge is deepening its footprint in digital assets with the launch of a US dollar-backed stablecoin. The French banking heavyweight is tapping Ethereum for the stablecoin rollout with further plans to extend to Solana. Société Générale Eyes Dollar Backed Stablecoin Rollout On Ethereum France-based Société Générale has its sights on the launch of a USD-based stablecoin on the Ethereum blockchain. According to multiple reports, the French banking giant is coasting toward a dollar-backed stablecoin in the coming weeks, leaning on Ethereum after a streak of stablecoin rollouts. SG Forge, Société Générale’s crypto unit, is spearheading the launch of the new dollar-backed stablecoin. The incoming stablecoin will debut on Ethereum first, but insiders say the offering will extend to the Solana blockchain. For now, a clear timeline for the stablecoin launch is still under wraps, but the report sheds light on key details. Firstly, SG Forge’s… Read More at Coingape.com
The post Breaking: $40B Bank To Launch Dollar Backed Stablecoin On Ethereum And Solana appeared first on CoinGape.
