SG-FORGE, the digital asset arm of Societe Generale, has launched its Euro stablecoin EURCV and US Dollar stablecoin USDCV on Ethereum-based DeFi platforms Morpho and Uniswap. This deployment allows users to engage in borrowing and lending using cryptocurrencies and tokenized funds as collateral on Morpho, while facilitating spot trading of stablecoins on Uniswap. MEV Capital will manage the vaults, set collateral rules, and handle defaults, with Flowdesk providing market liquidity. Currently, EURCV and USDCV have market capitalizations of $66 million and $32.2 million, respectively, compared to larger competitors like Circle's EURC and Tether's USDT.
Societe Generale's SG-FORGE Launches Euro and USD Stablecoins on Uniswap and Morpho
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