CEO of Société Générale's crypto subsidiary: The bank is attracting more crypto companies as clients.

CoinFeed reported on April 23 that, according to Reuters, Jean-Marc Stenger, CEO of SG-FORGE, the crypto subsidiary of Société Générale, stated that the bank is attracting more crypto companies as clients and anticipates increased use of stablecoins by corporate clients. Stenger said SG-FORGE currently has 15 clients, including crypto exchanges, brokers, and wallet providers. He added that with EU crypto regulations coming into effect last year and the European crypto industry maturing, Société Générale is providing traditional banking services to crypto-native companies through SG-FORGE. Stenger anticipates that crypto companies will need euro-denominated stablecoins to serve European retail clients and are beginning to seek European alternatives for existing players.