Deutsche Boerse to add SocGen's stablecoins to its settlement business [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: Yahoo! Finance
Societe Generale in its settlement business, the companies ?said on Tuesday, in an attempt to get the tokens more widely used. Societe Generale'?s crypto arm, SG-FORGE, has created a dollar-backed and euro-backed public stablecoin, but both have seen limited adoption. Deutsche Boerse plans to add the tokens to Clearstream, the companies said, by ?adding them to its ?custody services and possibly using them to settle trades and manage collateral in future. The partnership is the ?first time SG-FORGE's stablecoins will be integrated into a mainstream financial platform. Jean-Marc Stenger, CEO of SG-FORGE, said that using stablecoins is ?a quicker and cheaper way to move money. "What we want ?to achieve here is to bring to the traditional financial ecosystem the efficiency and speed we all see in the crypto ecosystem," he said. Banks and other financial institutions have for years been trying to find a role for blockchain-based assets, including stablecoins, in their ?businesse
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