SocGen digital asset unit launches EUR stablecoin
finextra.comThe bank has made a request to a "leading independent credit rating agency" to assign a credit rating to the EUR CoinVertible. The firm says it intends to work with digital asset exchanges and trusted third-party platforms to have the EUR CoinVertible stablecoin listed in the coming months.Jean-Marc Stenger, chief executive officer at SG-Forge says: “Digital assets with stabilisation mechanisms - i.e.
stablecoins - built under a robust banking-grade structure will be a key element to increase trust and confidence in the native crypto ecosystem. This issuance is a major step in Societe Generale-Forge’s roadmap to deliver innovative solutions to its clients, either real-money institutions and corporates or entities of the crypto industry, and to facilitate the emergence of new market infrastructures based on blockchain technology.”The French bank is among a number of major global banks to have minted their own stablecoins, including JPMorgan, National Australia Bank, ANZ and BTG Pactual.
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