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CryptoMediumUpdated×4•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

Societe Generale Partners with Consensys to Expand USD CoinVertible via MetaMask

Key Facts

1Societe Generale announced a collaboration between its FORGE division and Consensys to make the USD CoinVertible token available on MetaMask.

about 2 months ago

Version History

Version 4about 2 months ago

What changed: Updated to include the French government's push for euro-denominated stablecoins as the dollar-pegged stablecoin supply exceeds $300 billion.

Version 3about 2 months ago

What changed: The story was updated to include Singapore Gulf Bank's (SGB) expansion into the Solana network and the introduction of a zero-fee structure for conversions.

Version 2about 2 months ago

What changed: The story was updated to include Singapore Gulf Bank's (SGB) new 24/7 stablecoin minting and redemption capabilities for institutional clients.

Version 1about 2 months ago

What changed: The story was updated to include an S&P Global report highlighting U.S. banks' caution toward stablecoins despite Societe Generale's expansion.

Societe Generale has partnered with Consensys to integrate its USD CoinVertible stablecoin into the MetaMask wallet, bridging traditional banking with DeFi. Amidst this expansion, a French minister is now urging European banks to increase the issuance of euro-denominated stablecoins and tokenized deposits to remain competitive. This push comes as the total supply of dollar-pegged stablecoins has officially surpassed $300 billion, highlighting a significant market imbalance. Meanwhile, Singapore Gulf Bank (SGB) has enabled access to the Solana network, offering zero-fee conversions for institutional clients. Despite these proactive steps in Europe and Asia, S&P Global notes that U.S. lenders remain hesitant due to deposit risks and regulatory uncertainty. The evolving landscape underscores the urgency for European institutions to establish a stronger foothold in the digital asset ecosystem.