Societe Generale to Launch USD-Pegged Stablecoin on Ethereum and Solana

Societe Generale, through its SG Forge platform, has announced plans to launch a new stablecoin pegged to the US dollar. This stablecoin will be built on both Ethereum and Solana blockchains, offering users diverse options and enhanced flexibility. This move reflects the bank’s ambition to expand its digital financial services and provide innovative fintech solutions. The stablecoin will rely on robust reserves to maintain its price stability at one US dollar, thereby building user trust. This initiative is part of Societe Generale’s broader cryptocurrency strategy, aiming to lead in decentralized finance and deliver cutting-edge solutions to its clients.