Gate News message, April 22 — Société Générale’s SG-FORGE unit has signed 15 crypto clients as Europe’s new regulatory framework pushes traditional banks deeper into the digital asset space. The client base includes crypto exchanges, brokers, and wallet providers, according to Jean-Marc Stenger, CEO of SG-FORGE.
Stenger noted that SG-FORGE’s connections with crypto-native companies enable the bank to offer traditional banking services to these businesses. SocGen has already launched a euro-pegged stablecoin in 2023 and a dollar-pegged stablecoin in 2025. Currently, SocGen’s euro stablecoin has just €105 million in circulation, significantly smaller than Tether’s $187 billion and Circle’s USDC at $78.6 billion. SocGen is not part of a consortium of 10 European banks preparing to launch a euro stablecoin later this year, though Stenger confirmed the bank is holding bilateral talks with some consortium members including ING, UniCredit, and BNP Paribas.
Meanwhile, global crypto exchanges are intensifying competition in the perpetual futures market. Several major exchanges are racing to capture market share ahead of expected U.S. regulatory changes, with perpetual futures trading volume reaching $61.7 trillion in 2025, up 29% from 2024. Blockchain-based trading platforms have emerged as major venues for these contracts, attracting significant trading activity from institutional and retail participants.
The broader competition reflects a larger battle over which blockchain infrastructure will support financial activity in the next phase of crypto development, with enterprises and financial institutions weighing decisions between building on public chains, forking existing ones, or launching proprietary networks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
Key Insights
XRP maintains weekly strength above major cryptocurrencies as price holds above key EMAs, reflecting sustained momentum despite minor daily declines in trading sessions.
XRPL validators advance lending upgrades through XLS-65 and XLS-66, introducing pooled liquidity vaults and f
CryptoNewsLand5h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand5h ago
SUN Token 50th Buyback and Burn Completed, Cumulative Burns Exceed 669.5M Tokens
Gate News message, April 25 — SUN token's 50th buyback and burn cycle has been completed. From November 27, 2025, to April 25, 2026 (Singapore time), a total of 18,835,780.1486 SUN tokens were repurchased and burned, with the tokens transferred to a burn address.
Since December 15, 2021,
GateNews7h ago
Fluent Ethereum Layer 2 Mainnet Launches with BLEND Token and $50M Day-One Liquidity
Gate News message, April 25 — Fluent, an Ethereum-based Layer 2 network, activated its mainnet and launched its native BLEND token on Friday, April 25, bringing online a "blended execution" environment that enables applications written for different virtual machines to operate within the same
GateNews10h ago
SEALCOIN Launches Early Access Program 'Spacedrop' for Ecosystem Participants
Gate News message, April 25 — SEALCOIN has officially launched its early access program called "Spacedrop," designed to give users the opportunity to participate in the SEALCOIN ecosystem ahead of its full mainnet launch. Participants can engage with the platform by completing tasks, earning
GateNews11h ago
Jupiter Litterbox Trust Accumulates 9.4M JUP Worth $1.63M This Month
Gate News message, April 25 — Jupiter Litterbox Trust, the strategic reserve fund for Jupiter, purchased 211,474 JUP tokens yesterday (April 24), valued at approximately $36,000.
The fund has accumulated 9,405,535 JUP tokens this month, worth approximately $1.63 million. Since inception, the
GateNews12h ago
