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4h ago

SocGen’s SG-FORGE Brings Regulated Euro and Dollar Stablecoins to DeFi on Morpho and Uniswap

The effort emphasizes regulated, capital‑efficient access for institutions.

SocGen sign outside an office building
Societe generale forge opens ethereum access for regulated euro and dollar tokens

Overview

  • SG-FORGE activated EURCV and USDCV on Ethereum’s Morpho and Uniswap on Sept. 30, enabling on‑chain lending and spot trading.
  • On Morpho, users can borrow or lend against collateral such as wrapped bitcoin, staked ether, and tokenized money‑market funds USTBL and EUTBL regulated by France’s AMF.
  • MEV Capital will govern the Morpho vaults, set collateral eligibility, allocate capital, and serve as a default backstop.
  • Uniswap pools now list both tokens, with market maker Flowdesk supplying liquidity to facilitate swaps without traditional intermediaries.
  • SG-FORGE frames the tokens as regulated tools for specific capital‑efficient use cases and 24/7 operations, with market caps around $66 million for EURCV and $32 million for USDCV.