Societe Generale Launching EUR CoinVertible on Bitstamp

CEO Stenger Aims for Widespread Availability, USD Market Break

Societe Generale plans to launch its stablecoin EUR CoinVertible on crypto exchange Bitstamp on Dec. 6, 2023. Jean-Marc Stenger aims for wide availability and highlights a break from the USD-dominated stablecoin market. 

This action comes after Societe Generale issued bonds of value $11 million on the Ethereum network. However, the crypto community raises concerns about centralization and code quality.