News Explorer — Société Générale to List Stablecoin on Bitstamp in Banking First

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Dec 6, 5:00 am

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Société Générale to List Stablecoin on Bitstamp in Banking First

Société Générale is set to launch its own stablecoin, EUR CoinVertible, on the Bitstamp exchange, making it the first major bank to offer a digital token tracking the value of fiat currencies to a wide range of investors. The move represents a significant step for traditional financial institutions into the world of cryptocurrency trading, which is currently dominated by specialized digital assets firms. Stablecoins, which are digital cash tied to sovereign currencies, are gaining regulatory attention, with the UK recently proposing measures to integrate them into the real economy.

Société Générale is set to launch its own stablecoin, EUR CoinVertible, on the Bitstamp exchange, making it the first major bank to offer a digital token tracking the value of fiat currencies to a wide range of investors. The move represents a significant step for traditional financial institutions into the world of cryptocurrency trading, which is currently dominated by specialized digital assets firms. Stablecoins, which are digital cash tied to sovereign currencies, are gaining regulatory attention, with the UK recently proposing measures to integrate them into the real economy.

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