Societe Generale Shakes Up DeFi: Banking Giant Launches Stablecoins on Morpho and Uniswap

Traditional finance meets decentralized protocols as French banking powerhouse Societe Generale makes its boldest crypto move yet.

Breaking Banking Barriers

The 160-year-old institution just dropped its stablecoins directly into Morpho's lending pools and Uniswap's liquidity markets. No intermediaries, no traditional banking rails—just pure DeFi integration that would make any fintech startup jealous.

Institutional Adoption Accelerates

While crypto natives debate decentralization purity tests, SocGen executes. The bank's stablecoins now circulate alongside established players, bringing regulatory compliance and institutional credibility to protocols that once operated strictly in crypto's wild west.

Because nothing says 'we're serious about innovation' like a centuries-old bank deciding to play in DeFi's sandbox—and bringing their own regulated toys to share.

Why Societe Generale’s stablecoin deployment matters

Per the statement, the deployment is a direct response to growing institutional demand to interact with digital assets outside the confines of traditional market hours and centralized gatekeepers.

SG-FORGE said it was positioning its stablecoins not as replacements for existing options, but as regulated instruments for specific, capital-efficient use cases.

“SG-FORGE aims to offer a complementary approach to its clients who WOULD like to use these robust and regulated assets 24/7 in the context of financial operations,” the company noted, suggesting a shift from viewing DeFi as a separate entity to treating it as another operational venue, akin to a new trading floor or settlement network.

Beyond the familiar crypto collateral of wrapped Bitcoin and staked Ether, the Morpho vaults introduce a significant new asset class: tokenized money market funds. Specifically, the USTBL and EUTBL funds issued by Spiko will be accepted, blending traditional yield-bearing instruments with decentralized lending for the first time in this context.

Overseeing this cautious expansion is MEV Capital, which has been tasked with a critical curatorial role. The firm will supervise the list of eligible crypto assets used as collateral, ensure optimal capital allocation across the vaults, and act as a backstop by managing the risk of default as a last resort.

Uniswap’s role in the rollout is equally significant. By placing EURCV and USDCV into automated trading pools, Societe Generale is testing whether bank-issued stablecoins can operate under the same liquidity dynamics that govern crypto-native tokens.