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Société Générale launches euro and dollar stablecoin on Uniswap, Morpho
The digital asset subsidiary of Société Générale, SG-FORGE, has launched the stablecoins EURCV and USDCV on DeFi platforms based on Ethereum such as Morpho and Uniswap.
Morpho users can borrow and lend EURCV and USDCV with collateral being crypto (BTC, ETH) and tokenized bond funds. At the same time, the listing on Uniswap opens up the spot market, with Flowdesk providing liquidity.
This is a step forward to help bank stablecoins operate 24/7 within the DeFi ecosystem, although the scale is still modest compared to competitors like EURC or USDT.