Societe Generale's SG-FORGE Deploys EURCV and USDCV Stablecoins on Uniswap and Morpho DeFi Protocols

SG-FORGE, the digital assets subsidiary of French banking giant Societe Generale, has launched its euro and dollar-pegged stablecoins into decentralized finance (DeFi) ecosystems. The EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) are now available on Ethereum-based protocols Morpho and Uniswap, enabling 24/7 borrowing, lending, and spot trading operations. Through Morpho's decentralized lending platform, users can collateralize major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and regulated tokenized money market funds USTBL and EUTBL to borrow EURCV and USDCV stablecoins. MEV Capital will manage the vault systems, establishing collateral requirements and handling potential defaults while planning to expand supported collateral types. On Uniswap, market maker Flowdesk will provide liquidity for spot trading pairs, allowing direct swaps between the bank-issued stablecoins without traditional financial intermediaries. While currently smaller than market leaders - EURCV holds $66 million market capitalization versus Circle's $260 million EURC, and USDCV maintains $32.2 million compared to Tether's $174.8 billion USDT - this strategic deployment represents significant institutional adoption of DeFi infrastructure by traditional finance.