Societe Generale's Crypto Unit Deploys Euro and USD Stablecoins on Uniswap, Morpho

SG-FORGE, the digital asset subsidiary of Societe Generale, announced that its Euro stablecoin EURCV and US dollar stablecoin USDCV have been officially deployed to the DeFi protocols Morpho and Uniswap in the Ethereum ecosystem. This move enables users to borrow and lend using cryptocurrencies (such as BTC, ETH) and tokenized funds as collateral on the Morpho platform, while enabling spot trading of stablecoins through Uniswap. In addition, asset management company MEV Capital will be responsible for supervising the relevant vaults, setting collateral rules and handling defaults. Market liquidity will be supported by market maker Flowdesk to ensure smooth transactions. Currently, EURCV has a market value of approximately US$66 million, while USDCV has a market value of US$32.2 million, compared to market leaders such as Circle's EURC ($260 million) and Tether