SOCIETE GENERALE-FORGE DEPLOYS ITS EURO AND DOLLAR STABLECOINS IN DECENTRALIZED FINANCE VIA ITS PARTNERS
Press release
Paris, September 30, 2025
Societe Generale-FORGE (SG-FORGE) announces the deployment of its USD CoinVertible and EUR CoinVertible stablecoins on the decentralized finance (DeFi) protocols, Morpho and Uniswap, through its partners. SG-FORGE aims to offer a complementary approach to its clients who would like to use these robust and regulated assets 24/7 in the context of financial operations.
The decentralized finance ecosystem is based on the use of blockchain and smart contracts that execute financial transactions automatically, transparently and traceably.
After deploying its stablecoins on exchanges and centralized brokers, SG-FORGE is now expanding in the decentralized finance ecosystem by opening lending, borrowing and spot markets on Ethereum public blockchain.
Integration of EURCV and USDCV into the lending, borrowing market of Morpho
The opening of vaults on the Morpho decentralized protocol allows lending and borrowing in USDCV and EURCV collateralized by different crypto-assets such as bitcoin1 and ether2, as well as tokenized Money Market funds – USTBL and EUTBL – issued by Spiko. More collateral assets will be eligible through time.
Morpho embodies an innovative approach to decentralized lending and borrowing, which prioritizes security, flexibility and efficiency. Through its global liquidity network and integrations with various DeFi protocols, fintechs and exchanges, Morpho provides users with optimized access to financing solutions available across the ecosystem.
MEV Capital will oversee as curator the deployment of EURCV and USDCV into Morpho’s vaults, supervise the list of eligible crypto assets used as collateral, ensure optimal capital allocation and manage the risk of default as a last resort.
Listing of EURCV and USDCV on the Uniswap protocol
The decentralized exchange Uniswap will provide a spot market for USDCV and EURCV. Uniswap, one of the leading protocols in the DeFi space, is a decentralized exchange (“DEX”) built on the Ethereum blockchain that allows users to trade crypto assets directly without the need for a centralized intermediary. Uniswap uses an Automated Market Maker (AMM) protocol, where transactions are facilitated by smart contracts rather than traditional order books.
Flowdesk, an existing partner already managing liquidity on exchanges, will act as a market maker on Uniswap to ensure liquidity for EURCV and USDCV.
These deployments once again demonstrate SG-FORGE’s innovative approach, which aims to offer its clients a robust offering based on new technologies, while leveraging Societe Generale’s solutions and capabilities to support these developments within the crypto-asset ecosystem.
1 wrapped bitcoin (wBTC)
2 wrapped Lido Liquid staked ETH (wstETH)
Media contacts:
Societe Generale
Amandine Grison, +33 1 41 45 92 40, amandine.grison@socgen.com
Sarah Cohen Lippe, +33 1 58 98 51 91, sarah.cohen-lippe@socgen.com
SG FORGE – Ballou Agency
Caroline de Frias, Astrid Amegnran, Thomas Duporge, +33 1 42 22 24 10,
Disclaimer: The EURCV and USDCV (“Stablecoins”) have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered, sold, pledged or otherwise transferred at any time except in an “offshore transaction” (as defined in Regulation S under the Securities Act (“Regulation S”)) to or for the account or benefit of a Permitted Transferee. A “Permitted Transferee” means any person who is not: (a) a U.S. person as defined in Rule 902(k)(1) of Regulation S; (b) a person who comes within any definition of U.S. person for the purposes of the U.S. Commodity Exchange Act of 1936, as amended (the “CEA”), or any rule of the U.S. Commodity Futures Trading Commission (the “CFTC Rules”), guidance or order proposed or issued under the CEA (for the avoidance of doubt, any person who is not a “Non-United States person” defined under CFTC Rule 4.7(a)(1)(iv), but excluding, for purposes of subsection (D) thereof, the exception for qualified eligible persons who are not “Non-United States persons,” shall be considered a U.S. person) and (c) “U.S. Person” for purposes of the final rules implementing the credit risk retention requirements of Section 15G of the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Risk Retention Rules”). The Stablecoins are available only to, and may only be legally or beneficially owned at any time by, Permitted Transferees. By its purchase of a Stablecoin, each purchaser represents that it is, or is acting for the account or benefit of, a Permitted Transferee. THE ISSUER HAS THE RIGHT TO REFUSE TO REDEEM THE EURCV AND USDCV TO A PERSON THAT IS NOT A PERMITTED TRANSFEREE.
