Bank stablecoins deployed into permissionless DeFi
On 30 September 2025 SG-FORGE opened its EUR CoinVertible and USD CoinVertible stablecoins to lending and borrowing on Morpho and to spot trading on Uniswap, on public Ethereum, with MEV Capital curating the vaults and Flowdesk making markets at launch. Spiko's tokenized money market funds were among the accepted collateral. USD CoinVertible lending there has stayed negligible.
In the record
13
Months since it was first seen
31
Institutions of its kind in the record
Also from Société Générale-FORGE
Other bank deployments
- BW-Bank (LBBW)Spot ETH trading for retail clientsSeptember 2026
- Standard CharteredDeliverable ETH spot trading for institutional clients in the UAE (Standard Chartered DIFC)September 2026
- Banque Delubac & CieETH staking for bank clientsJuly 2026
- Morgan StanleySpot ETH trading for retail clients on E*TRADEJuly 2026
