Societe Generale Doubles Down on Crypto: Launches Euro-Pegged Stablecoin on Solana

French banking giant makes its blockchain move—with a twist of institutional irony.

Solana gets another institutional seal of approval as Societe Generale''s stablecoin goes live. Dubbed ''EUR CoinVertible'' (because nothing says ''decentralized future'' like a bank-branded crypto), the euro-pegged token marks a rare case of TradFi eating its own disruption dog food.

The play? Faster cross-border settlements without the volatility—and maybe, just maybe, a hedge against those pesky DeFi upstarts. One banking exec''s ''innovation'' is another crypto native''s ''trojan horse,'' but liquidity is liquidity. Watch where the EURCV pairs land next.

Bonus jab: Nothing reassures crypto anarchists like a 150-year-old bank issuing tokens ''for their convenience.''

$SOL Is Up in Charts as Solana ETFs Are Four Months Away for SEC’s Approval

$SOL is currently up by 6% over the past week and 4.80% in the past 24 hours, which shows a steady increase, rather than a passing chart bleep.

A welcome change after a sketchy start of the month, we think.

One of the main reasons why Solana is outdoing itself is the new Solana ETFs on the horizon.

The SEC has requested the issuers to update their S-1 fillings, which pushed back any decision by at least two to four months.

Bloomberg analyst James Seyffart believes that this makes a favorable SEC decision more than likely, stating that:

Delays on spot crypto ETFs are expected. A bunch of XRP ETPs have dates in the next few days.

If we’re gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest.’

—James Seyffart, X Post

Seyffart’s previous predictions still stand, as he gave Solana’s ETFs a 90% approval chance in 2025.

The SEC’s response explains $SOL’s surge in the charts and shows that Solana is on its way to greener pastures. Especially with the new LAYER 2 upgrade coming in the form of Solaxy ($SOLX), which aims to upgrade Solana’s ecosystem in 2025 and beyond.

Solaxy ($SOLX) – Solana’s Layer 2 Upgrade Brings Faster and Cheaper Transactions

Solaxy ($SOLX) is Solana’s first-ever Layer 2 upgrade that promises to fix Solana’s Core issue: network congestion, which is currently responsible for a variety of blockchain-related problems.

This includes slow and even failed transactions, which ultimately translate into higher chain fees.

Solaxy achieves this thanks to its off-chain execution, allowing for near-instant finality, while its parallel transaction processing ensures ultra-low latency. These are critical improvements, designed to improve the user’s experience during high-traffic hours.

Based on the project’s utility and roadmap, our analysts predict that $SOLX may reach $0.032 by the end of 2025. Given the token’s current price of $0.001752, we’re looking at a potential ROI of 1,726% if the token performs well.

$SOLX’s presale is set to end in little over five days, so the window of opportunity to buy the token at its current presale price ($0.001752) is closing fast.

Solaxy has already accumulated over $47M so far, which makes this one of the best presales of 2025 and one of the cheapest crypto to buy at the same time.

You can buy your $SOLX today if you want to invest in the project early, which should improve your profits over the long term.

Is Solana in a Bullish Cycle?

Based on Solana’s latest chart performance and the SEC’s upcoming (hopefully) green light, we think Solana may be in a bull cycle.

Based on the current context and Solaxy’s explicit utility within Solana’s ecosystem, $SOLX may see a massive post-launch pump. This means that, with five days left to the presale, you either buy now or go home.

Remember, this isn’t financial advice. Do your own research (DYOR), keep your FOMO in check, and invest wisely.