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SocGen’s Crypto Division Drops Dollar-Pegged Stablecoin—Dual-Chain Launch on Ethereum and Solana

SocGen’s Crypto Division Drops Dollar-Pegged Stablecoin—Dual-Chain Launch on Ethereum and Solana

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-06-10 08:30:17
0

SocGen’s Crypto Arm Unveils Dollar Stablecoin on Ethereum and Solana

French banking giant Société Générale just made its boldest crypto move yet—launching a USD stablecoin that straddles both Ethereum and Solana. No more picking sides in the chain wars.

Wall Street meets DeFi (again): The institutional-grade stablecoin—backed 1:1 with good ol'' greenbacks—lets TradFi players dabble in crypto without touching the ''volatile stuff.'' How very… prudent.

Bonus jab: Because nothing says ''innovation'' like reinventing Tether with a French accent and a compliance team that charges by the hour.

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