French Banking Giant Société Générale Launches Dollar-Backed Stablecoin on Ethereum – Solana Is Next

Traditional finance is diving deeper into crypto than ever before. French mega-bank Société Générale, with over $40 billion in assets, is preparing to launch a new US dollar–backed stablecoin. The token will debut on the Ethereum blockchain, with plans to expand to Solana in the near future.

🧱 Step One: Ethereum. Step Two: Solana L’initiative est dirigée par SG Forge, la division axée sur la cryptographie de la banque, qui est responsable de l’accélération de la transformation numérique. Le nouveau stablecoin USD sera exclusivement destiné à un usage institutionnel — ce qui signifie des banques, des fonds et des entreprises, et non des utilisateurs de détail. 📍 No retail access in the initial rollout

📍 The goal: establish dominance in the EU’s dollar stablecoin market

🏛️ EU Crypto Regulations Attract Banks The EU’s new MiCA (Markets in Crypto-Assets) framework is creating a more structured and legally secure environment for traditional institutions. This is opening the door for players like Société Générale to enter a market previously ruled by crypto-native firms like Tether, Circle, and Ripple. This isn’t Société Générale’s first crypto move — the bank launched a euro-backed stablecoin in 2023.

🌍 Stablecoins Surge in Popularity – Mastercard, Meta, and Visa Join In The global interest in stablecoins has surged to record highs, and major financial and tech players are scrambling to capture market share: 🔹 Mastercard a lancé une carte de paiement alimentée par une stablecoin avec MoonPay

🔹 Meta est apparemment en train de planifier un retour dans la crypto via une stratégie de stablecoin.

🔹 Visa and Stripe continue to deepen their blockchain integrations

🔗 Ethereum and Solana: The New Homes for Institutional Tokens Ethereum and Solana are becoming go-to platforms for stablecoins issued by institutions: 🔹 WLFI, un projet soutenu par Trump, lance un stablecoin de 1 $ sur Ethereum

🔹 USDC et USDT restent ancrés à la fois sur Ethereum et Solana

🔹 Ripple, Circle, and Tether are enhancing compliance ahead of the upcoming GENIUS Act in the U.S.

📌 Résumé : Les stablecoins ne sont plus seulement pour les fans de crypto — les banques veulent aussi y participer. Société Générale’s move into USD stablecoins shows that the institutional world is taking digital assets seriously. With clearer regulations, expanding adoption, and maturing technology, it’s clear that the merger of traditional finance and crypto isn’t a question of “if” — but “how fast.”

#Stablecoins , #Ethereum , #solana , #DigitalAssets , #DigitalAssets

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