CoinVertible: behind the scenes of Societe Generale's stablecoin
For the first time, a bank has issued a stablecoin on a public blockchain. We investigated to find out more about this project.
What are Societe Generale's ambitions in the crypto world? While the question was still worth asking two years ago, things seem pretty clear: they're big, and Forge's latest project is the best illustration of that.
The French bank's crypto subsidiary created in 2018 announced on 20 April the launch of CoinVertible, a euro stablecoin based on the Ethereum blockchain, in other words a public protocol, which is a first for a bank.