French banking giant Société Générale (OTC:SCGLY) is expanding its crypto client base through its digital asset subsidiary, Société Générale-FORGE (SG-Forge), as it positions for a projected rise in stablecoin usage.
Building A Broader Crypto Client Base
The bank currently serves about 15 crypto-focused firms, including exchanges, brokers and wallet providers. It has increasingly begun offering traditional banking services to crypto-native companies as Europe’s regulatory framework continues to mature.
CEO Jean-Marc Stenger said the bank expects corporate use of stablecoins to grow, although adoption remains limited, according to a Reuters report.
At present, stablecoins are primarily used for trading …