{"id":40947,"date":"2026-06-25T00:48:30","date_gmt":"2026-06-25T00:48:30","guid":{"rendered":"https:\/\/www.europesays.com\/france\/40947\/"},"modified":"2026-06-25T00:48:30","modified_gmt":"2026-06-25T00:48:30","slug":"societe-generale-teams-with-consensys-on-stablecoin-access","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/france\/40947\/","title":{"rendered":"Societe Generale Teams With Consensys on Stablecoin Access"},"content":{"rendered":"

French bank\u00a0Societe Generale<\/a>\u00a0is expanding access to its dollar-denominated stablecoin.<\/p>\n

The lender on Wednesday (April 15)\u00a0announced<\/a>\u00a0a collaboration between its crypto-focused division Societe Generale-FORGE and blockchain company\u00a0Consensys<\/a>\u00a0to make its USD CoinVertible token available on cryptocurrency wallet\u00a0MetaMask<\/a>.<\/p>\n

The move gives MetaMask\u2019s millions of users, for the first time, access to a regulated stablecoin issued by the subsidiary of a major European bank, Societe Generale said in a news release.<\/p>\n

\u201cWe\u2019re at an inflection point in how value moves and how financial systems are structured. Stablecoins are an important part of that evolution, helping bridge traditional frameworks and decentralized infrastructure,\u201d\u00a0Joseph Lubin<\/a>, co-founder of Ethereum and founder and CEO of Consensys, said in the release.<\/p>\n

\u201cAt Consensys, we\u2019re focused on helping steward that shift by building open, global, interoperable infrastructure that expands access, unlocks innovation, and enables more dynamic and user-centric financial experiences.\u201d<\/p>\n

According to the release, the integration will let MetaMask users access the Societe Generale-FORGE stablecoin for on\/off ramping between fiat and USD CoinVertible and\u00a0trading crypto assets using USD CoinVertible.<\/p>\n

It also lets them access DeFi protocols with USD CoinVertible and pay blockchain transaction fees using the stablecoin with the Gas Station feature, the bank added.<\/p>\n

Societe Generale\u00a0introduced<\/a>\u00a0USD CoinVertible last year, the first major lender to launch a dollar-pegged stablecoin. SG-Forge had unveiled a\u00a0euro-pegged coin<\/a>\u00a0in 2023.<\/p>\n

Writing about banks\u2019\u00a0adoption of stablecoins<\/a>\u00a0earlier this year, PYMNTS argued that it is becoming apparent that there \u201cwill be no one-size-fits-all bank stablecoin,\u201d with the market \u201csegmenting along functional lines.\u201d<\/p>\n

Some tokens will be created for interbank settlement, others for asset servicing and others for corporate treasury or cross-border transactions, with design choices around blockchain selection, programmability, interest and access controls informing those priorities.<\/p>\n

\u201cWe\u00a0don\u2019t start<\/a>\u00a0with the asset,\u201d\u00a0Biswarup Chatterjee<\/a>, global head of partnerships and innovation, Citi Services at Citi, told PYMNTS. \u201cWe typically start with our client need, and then we look at the pros and cons of each type of asset or financing instrument.\u201d<\/p>\n

PYMNTS has also examined why businesses that\u00a0want to use stablecoins<\/a>\u00a0feel more comfortable working with banks than with crypto wallets, contending that banks offer a layer of trust that CFOs already understand.<\/p>\n

\u201cThey offer established custody frameworks, standardized reporting and compliance processes that align with existing audit requirements,\u201d the report said. \u201cWhen stablecoins are accessed through a bank, they are effectively wrapped in the\u00a0institutional safeguards<\/a>\u00a0that finance teams depend on.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"French bank\u00a0Societe Generale\u00a0is expanding access to its dollar-denominated stablecoin. The lender on Wednesday (April 15)\u00a0announced\u00a0a collaboration between its…\n","protected":false},"author":2,"featured_media":40948,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12932],"tags":[313,8221,6,2778,12955,4520,2781],"class_list":["post-40947","post","type-post","status-publish","format-standard","has-post-thumbnail","category-societe-generale","tag-banking","tag-cryptocurrency","tag-news","tag-pymnts-news","tag-societe-generale","tag-stablecoins","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/40947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=40947"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/40947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/40948"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=40947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=40947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=40947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}