Societe Generale's Blockchain and Crypto Unit has deployed Euro and Dollar Stablecoins to Uniswap with Morpho

September 30th. Societe Generale's digital asset subsidiary, SG-FORGE, has introduced its Euro and Dollar stablecoins into the DeFi space. This enables users to engage in lending and spot trading. The bank has deployed its EURCV and USD CoinVertible (USDCV) on the Ethereum-based Morpho and Uniswap protocols, expanding SG-FORGE's efforts to distribute its stablecoins through centralized exchanges and brokers. By entering DeFi, SG-FORGE allows customers to trade assets pegged to major currencies around the clock, with smart contracts facilitating the trading mechanism. On the Morpho platform, users can now use cryptocurrencies (such as BTC, ETH) as well as money market tokenized funds regulated by the French financial market regulator (such as USTBL, EUTBL, which invest in US Treasury and Eurozone government bonds) as collateral to borrow EURCV and USDCV. Asset management firm MEV Capital will be responsible for managing these treasuries, setting eligible collateral rules, and handling defaults when necessary. SG-FORGE has stated that it plans to introduce more collateral types in the future. Additionally, the listing on Uniswap will create a spot market for the bank's issued stablecoins. Liquidity provider Flowdesk will provide liquidity, enabling traders to exchange between EURCV and USDCV without relying on traditional intermediaries.