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Société Générale（EPA: GLE）is one of the three giants of French banking, with the full name “Société Générale de Promotion du Commerce et de l'Industrie.” The company's shares are listed on the New York and Paris stock exchanges. It is one of the largest investment banks in the world.
Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
Seturion collaborates with Société Générale and SG-FORGE to develop a blockchain-based securities settlement system
Seturion, a tokenized securities settlement platform under the Stuttgart Stock Exchange Group, is collaborating with Société Générale, its crypto subsidiary SG-Forge, and online broker flatexDEGIRO to build a blockchain-based securities settlement system in Europe. Société Générale will issue tokenized structured securities—such as Turbo warrants and investment certificates—on its Seturion platform. SG-Forge, which holds a crypto-asset market operator authorization from French regulators, will use its CoinVertible euro and U.S. dollar stablecoins (EURCV and USDCV) for transaction settlement. Meanwhile, flatexDEGIRO will connect the platform to its European retail distribution channels for tokenized securities trading.
XRPL Plans to Introduce Privacy Transfer Feature, Targeting Tokenized Asset Market of Over $530 Million
Odaily News: The latest software version 3.3.0 of XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, supporting encrypted token balances and transfer amounts while preserving the visibility of accounts and token types. It is primarily applied to Multi-Purpose Tokens (MPT) on XRPL, including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. XRPL currently holds approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Societe Generale. XRPL 3.3.0 also includes five proposals—Batch, Sponsor, Permission Delegation, and Dynamic MPT—addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustments to token attributes. The aforementioned upgrades have not yet been officially launched and will only be activated after receiving support from more than 80% of XRPL's trusted validator nodes for two consecutive weeks.
Société Générale’s USD Stablecoin Goes Live on MetaMask
According to Bloomberg, Societe Generale-FORGE, the digital asset division of Societe Generale SA, announced in collaboration with blockchain company Consensys that the U.S. dollar stablecoin USD CoinVertible is now available on the self-custodial crypto wallet MetaMask. This initiative marks a significant effort by traditional banks to expand the reach of digital currencies into the cryptocurrency space. Users can now directly access and manage USD CoinVertible tokens within their MetaMask wallets.
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Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
XRPL Plans to Introduce Privacy Transfer Feature, Targeting Tokenized Asset Market of Over $530 Million
Odaily News: The latest software version 3.3.0 of XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, supporting encrypted token balances and transfer amounts while preserving the visibility of accounts and token types. It is primarily applied to Multi-Purpose Tokens (MPT) on XRPL, including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. XRPL currently holds approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Societe Generale. XRPL 3.3.0 also includes five proposals—Batch, Sponsor, Permission Delegation, and Dynamic MPT—addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustments to token attributes. The aforementioned upgrades have not yet been officially launched and will only be activated after receiving support from more than 80% of XRPL's trusted validator nodes for two consecutive weeks.
Seturion collaborates with Société Générale and SG-FORGE to develop a blockchain-based securities settlement system
Seturion, a tokenized securities settlement platform under the Stuttgart Stock Exchange Group, is collaborating with Société Générale, its crypto subsidiary SG-Forge, and online broker flatexDEGIRO to build a blockchain-based securities settlement system in Europe. Société Générale will issue tokenized structured securities—such as Turbo warrants and investment certificates—on its Seturion platform. SG-Forge, which holds a crypto-asset market operator authorization from French regulators, will use its CoinVertible euro and U.S. dollar stablecoins (EURCV and USDCV) for transaction settlement. Meanwhile, flatexDEGIRO will connect the platform to its European retail distribution channels for tokenized securities trading.
Société Générale’s USD Stablecoin Goes Live on MetaMask
According to Bloomberg, Societe Generale-FORGE, the digital asset division of Societe Generale SA, announced in collaboration with blockchain company Consensys that the U.S. dollar stablecoin USD CoinVertible is now available on the self-custodial crypto wallet MetaMask. This initiative marks a significant effort by traditional banks to expand the reach of digital currencies into the cryptocurrency space. Users can now directly access and manage USD CoinVertible tokens within their MetaMask wallets.