Bitpanda Partners with Societe Generale to Bring Regulated Stablecoins to European DeFi Users
Bitpanda has partnered with the digital assets division of Societe Generale to offer its stablecoins to retail users in Europe. This partnership marks a significant milestone in the adoption of blockchain technology and regulated finance in the region. As part of the collaboration, EURCV and USDCV stablecoins issued by SG-FORGE will be available on DeFi, allowing users to access a range of financial services, including lending and borrowing.
Key Features of the Partnership
The partnership between Bitpanda and Societe Generale-FORGE brings several key benefits to European DeFi users. Both EURCV and USDCV stablecoins comply with the EU’s strict MiCA stablecoin regulations, ensuring a high level of security and transparency. Additionally, the stablecoins will be available via Bitpanda’s DeFi wallet, making it easier for users to access and manage their digital assets.
The collaboration also represents a significant step forward for Societe Generale, as it marks the bank’s entry into DeFi. According to Jean-Marc Stenger, CEO of Societe Generale–FORGE, “Having established Euro and Dollar stablecoins as the cornerstone of the Bitpanda ecosystem, we are now taking a significant step forward by expanding into the world of DeFi through our partnership.”
Expert Insights and Reactions
Lukas Enzersdorfer-Konrad, Co-CEO of Bitpanda, commented on the partnership, stating, “This is a milestone for Web3 in Europe. SG-FORGE is one of the most forward-thinking institutions in banking and their commitment to the practical adoption of blockchain technology is unmatched. By integrating their stablecoins into the Bitpanda DeFi Wallet, we are laying the foundation to create real ways for people to benefit from Web3, creating a new era of interoperable, regulated finance.”
The partnership between Bitpanda and Societe Generale-FORGE is a significant development in the European DeFi landscape. As the region continues to evolve and mature, collaborations like this one will play a crucial role in shaping the future of regulated finance and blockchain technology. For more information on this partnership and its implications, visit https://crypto.news/bitpanda-brings-societe-generales-stablecoins-to-defi/
