SocGen’s Crypto Arm Forges Ahead: Dollar-Pegged Stablecoin Coming to Ethereum

Société Générale’s digital asset division is doubling down on crypto infrastructure—launching a USD-backed stablecoin directly on Ethereum. A bold move for a traditional bank playing catch-up in DeFi’s sandbox.

The eurozone banking giant quietly filed regulatory paperwork last quarter, signaling its intent to bridge fiat and blockchain rails. Now insiders confirm the stablecoin (tentatively dubbed ’SG-USD’) will debut Q3 2025.

This isn’t SocGen’s first crypto rodeo—their security token platform launched in 2022. But a dollar-pegged asset marks new territory, potentially positioning them against Tether and USDC in institutional markets.

Observers note the irony: a French bank embracing dollar dominance while EU regulators push digital euro initiatives. Sometimes pragmatism beats patriotism in finance’s zero-sum game.