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SocGen’s Crypto Unit Drops Dollar-Pegged Stablecoin—Now Live on Ethereum and Solana
SocGen’s Crypto Unit Drops Dollar-Pegged Stablecoin—Now Live on Ethereum and Solana
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Another day, another bank dipping its toes—or maybe just a pinky—into crypto waters. Société Générale's digital asset arm just launched a USD stablecoin, deploying it on both Ethereum and Solana. Because why choose one chain when you can hedge your bets?
The move screams 'institutional FOMO'—banks can't ignore the rails of decentralized finance, even if they still don't fully trust it. The stablecoin itself? Probably over-collateralized to the hilt (old habits die hard).
Watch for the usual dance: TradFi players will talk blockchain innovation while quietly praying regulators don't notice. Meanwhile, degens shrug and keep farming yields elsewhere.
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