DeFi

SocGen Takes USD Stablecoin to Millions of Crypto Wallet Users

A Societe Generale SA bank branch.Photographer: Nathan Laine/Bloomberg

Societe Generale SA is expanding the reach of its dollar-denominated stablecoin in one of the biggest efforts yet by a major bank to bring digital money to a wider audience.

Societe Generale-FORGE — the digital asset arm of the Paris-based lender — has made its USD CoinVertible token available on self-custodial crypto wallet MetaMask through a partnership with blockchain firm Consensys, the companies said on Wednesday.