Société Générale Launches the First Stablecoin for Wide Investor Access!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 6, 2023 11:28

Société Générale, one of France’s largest banks, has become the first major financial institution to offer a stablecoin to a broad range of investors. Called EUR CoinVertible, the euro-backed digital token will be available for trading on the Luxembourg-based exchange Bitstamp. This represents a significant step towards traditional financial institutions entering the stablecoin market, previously dominated by specialist companies. Stablecoins, digital currencies pegged to sovereign currencies like the euro, provide easier buying and selling in the crypto market.