Société Générale’s crypto arm, SG Forge, is reportedly preparing to launch a dollar-backed stablecoin on Ethereum, making it the first global banking group to issue a public stablecoin tied to the U.S. dollar.

SG Forge’s dollar stablecoin would be publicly accessible on Ethereum, with additional support for Solana to follow. The launch is expected in the coming weeks, according to a report by French publication The Big Whale.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Coindesk

Coindesk

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Related Posts ...

Comments are disabled.

BTC-Newswire
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.