PANews April 23 news, according to a report by Reuters, Jean-Marc Stenger, CEO of SG-FORGE, a cryptocurrency subsidiary of Société Générale, stated that the bank is attracting more cryptocurrency companies as clients and expects the use of stablecoins by corporate clients to grow.

Stenger stated that SG-FORGE currently has 15 clients, including cryptocurrency exchanges, brokers, and wallet providers. Stenger mentioned that as the EU cryptocurrency regulations took effect last year, the European cryptocurrency industry is maturing, and Société Générale is providing traditional banking services to crypto-native companies through SG-FORGE. Stenger anticipates that cryptocurrency companies will need euro stablecoins to serve European retail clients and will begin to seek European alternatives from existing players.

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