European financial giants are working on stablecoins.

Deutsche Börse and Société Générale's blockchain division SG-FORGE have just officially announced their plans to integrate regulated stablecoins into the core of European finance.

In simple terms: CoinVertible (Euro + US Dollar stablecoin) will be directly integrated into the backend clearing system of the German exchange, including the Clearstream clearing network. What does this mean? The official forces in Europe are starting to seriously use Blockchain as infrastructure.

This is not a small matter. The collaboration between traditional exchanges and state-owned banks to promote stablecoins in the clearing system means:

• Stablecoins are starting to enter the formal trading process.
• The regulatory framework is in place (this is key)
• Europe is seizing the discourse power of Web3 finance

While the United States is still shifting blame, Europe is directly taking action. It can be expected that more traditional financial institutions will follow suit.