币圈女菩萨 | Pizza披萨🍕Ⓜ️Ⓜ️T|Nov 02, 2025 07:12
SG-FORGE, a subsidiary of Société Générale, has officially accepted LBTC, the on-chain Bitcoin asset by Lombard, as collateral for issuing MiCA-compliant stablecoins EURCV and USDCV.
In other words, a major European systemic bank is now using on-chain Bitcoin as collateral to issue legitimate stablecoin loans.
This collaboration was completed in the @MEVCapital-managed @MorphoLabs pool, fully on-chain, transparent, and traceable.
Previously, Bitcoin, despite being the world's largest asset, was almost a bystander asset for traditional banks—investable but not usable. Now, LBTC has been officially recognized as institutional-grade collateral by one of Europe's top six banks.
This signifies that Bitcoin has entered the financial credit layer, and on-chain Bitcoin (LBTC) is starting to be integrated into the compliant capital market system. Banks are beginning to issue loans using on-chain protocols.
Before introducing LBTC, SG-FORGE conducted a thorough due diligence on Lombard @Lombard_Finance, including smart contract security, operational framework, liquidity, and audit mechanisms. LBTC's utilization rate has already exceeded 82% and has been integrated with major protocols like Aave, Binance, Bybit, and Maple.
It’s clear that European banks are proactively embracing on-chain assets, while Lombard has been dedicated to bridging the gap between these institutions and DeFi.
If RWA is the story of bringing the dollar on-chain, then LBTC is the story of turning Bitcoin into on-chain collateral gold.
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