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SocGen Goes All-In on Stablecoins: Launches USD Peg and Partners with BNY Mellon for Custody
SocGen Goes All-In on Stablecoins: Launches USD Peg and Partners with BNY Mellon for Custody
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French banking giant Société Générale just upped its crypto game—launching a USD-backed stablecoin and locking in BNY Mellon as custodian. Because nothing says 'trust' like outsourcing your blockchain security to a 238-year-old institution.
The move signals Wall Street's growing appetite for dollar-pegged tokens—even if they still pretend to hate the 'volatile' crypto markets. Guess those Treasury yields just aren't cutting it anymore.
With this play, SocGen cements itself as the rare tradfi player actually building instead of just tweeting about 'digital asset strategy.' Now watch every other bank scramble to copy the homework.
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