Odaily Planet Daily reports that SG-FORGE, the digital asset subsidiary of Societe Generale, has announced the official deployment of its Euro and US Dollar stablecoins (EURCV and USDCV) on the Ethereum-based DeFi protocols Morpho and Uniswap. This initiative enables users to borrow and lend against cryptocurrencies (such as BTC and ETH) and tokenized funds on the Morpho platform, while also enabling spot trading of stablecoins through Uniswap.

In addition, asset management firm MEV Capital will be responsible for overseeing the relevant vaults, setting collateral rules, and handling defaults. Market liquidity will be supported by market maker Flowdesk to ensure smooth trading.

Currently, EURCV has a market capitalization of approximately $66 million, while USDCV has a market capitalization of $32.2 million, which is still relatively small compared to market leaders such as Circle's EURC ($260 million) and Tether's USDT ($174.8 billion).