Société Générale’s subsidiary SG Forge is introducing a dollar-backed stablecoin on Ethereum, making it the first global banking group to do so on a public blockchain.
The stablecoin aims to cater to institutional investors and is expected to tap into the $250 billion dollar stablecoin market, particularly responding to needs in the European Union.
With increasing regulatory clarity and institutional demand, stablecoins are witnessing greater adoption, helping shift to a more competitive landscape.
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