PANews reported on September 30th that SG-FORGE, the digital asset subsidiary of Societe Generale, announced the official deployment of its Euro stablecoin EURCV and US Dollar stablecoin USDCV on the Ethereum-based DeFi protocols Morpho and Uniswap. This initiative enables users to borrow and lend using cryptocurrencies (such as BTC and ETH) and tokenized funds as collateral on the Morpho platform, while also enabling spot trading of stablecoins through Uniswap. In addition, asset management firm MEV Capital will be responsible for overseeing the relevant vaults, setting collateral rules, and handling defaults. Market liquidity will be supported by market maker Flowdesk to ensure smooth trading. Currently, EURCV has a market capitalization of approximately $66 million, while USDCV has a market capitalization of $32.2 million, which is still relatively small compared to market leaders such as Circle's EURC ($260 million) and Tether's USDT ($174.8 billion).PANews reported on September 30th that SG-FORGE, the digital asset subsidiary of Societe Generale, announced the official deployment of its Euro stablecoin EURCV and US Dollar stablecoin USDCV on the Ethereum-based DeFi protocols Morpho and Uniswap. This initiative enables users to borrow and lend using cryptocurrencies (such as BTC and ETH) and tokenized funds as collateral on the Morpho platform, while also enabling spot trading of stablecoins through Uniswap. In addition, asset management firm MEV Capital will be responsible for overseeing the relevant vaults, setting collateral rules, and handling defaults. Market liquidity will be supported by market maker Flowdesk to ensure smooth trading. Currently, EURCV has a market capitalization of approximately $66 million, while USDCV has a market capitalization of $32.2 million, which is still relatively small compared to market leaders such as Circle's EURC ($260 million) and Tether's USDT ($174.8 billion).
Societe Generale's Crypto Unit Deploys Euro and USD Stablecoins on Uniswap, Morpho
PANews reported on September 30th that SG-FORGE, the digital asset subsidiary of Societe Generale, announced the official deployment of its Euro stablecoin EURCV and US Dollar stablecoin USDCV on the Ethereum-based DeFi protocols Morpho and Uniswap. This initiative enables users to borrow and lend using cryptocurrencies (such as BTC and ETH) and tokenized funds as collateral on the Morpho platform, while also enabling spot trading of stablecoins through Uniswap.
In addition, asset management firm MEV Capital will be responsible for overseeing the relevant vaults, setting collateral rules, and handling defaults. Market liquidity will be supported by market maker Flowdesk to ensure smooth trading.
Currently, EURCV has a market capitalization of approximately $66 million, while USDCV has a market capitalization of $32.2 million, which is still relatively small compared to market leaders such as Circle's EURC ($260 million) and Tether's USDT ($174.8 billion).
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