{"id":666634,"date":"2025-06-11T00:00:00","date_gmt":"2025-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/"},"modified":"2025-06-11T00:00:00","modified_gmt":"2025-06-11T00:00:00","slug":"societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/","title":{"rendered":"Societe General becomes first bank to launch USD-backed stablecoin"},"content":{"rendered":"

France\u2019s Societe General will be the first bank to launch a USD-backed stablecoin that <\/strong>will be publicly traded<\/strong>, Reuters<\/a> reports, citing a statement<\/a> from the company. The bank is planning to issue the stablecoin \u2014- a crypto token pegged to hard currencies like the USD and EUR \u2014 through its digital asset subsidiary, SG-FORGE. The currency, USD CoinVertible, is set to be tradable from July and will be issued on the Ethereum and Solana blockchains under the ticket USDCV. New York-based global financial services firm BNY will act as the token\u2019s custodian.<\/p>\n

More on USD CoinVertible:<\/strong> The token will be used for cross-border payments, FX transactions, crypto trading, and collateral and cash-management. The stablecoin is set to be offered on various, as yet unspecified, crypto exchanges; however, regulatory restrictions mean it won\u2019t be available to US investors.<\/p>\n

This isn\u2019t Societe General\u2019s first stablecoin venture<\/strong>, with the bank\u2019s digital arm launching a EUR-backed stablecoin in 2023. However, this marks its first USD-backed issuance, with crypto pegged to the greenback gaining traction. SG-FORGE CEO Jean-Marc Stenger pointed to growing demand for a \u201cwell-regulated, robust offering in the crypto and stablecoin space,\u201d noting that, \u201cat the moment, there are no other banking-related players\u201d offering a regulated USD-based stablecoin. <\/p>\n

Other European banks are eyeing a piece of the pie: <\/strong>Deutsche Bank is also considering tapping into the stablecoin market by either issuing its own asset or joining a wider initiative, Bloomberg<\/a> reports. Spain\u2019s Banco Santander was also reported to be in the early stages of launching a stablecoin. Embracing stablecoin, which is dominated by USD-pegged tokens, is seen by some as a way for Europe to reassert \u201cmonetary sovereignty\u201d \u2014 especially through EUR-backed assets, according to the Financial Times<\/a>.<\/p>\n

This comes amid growing regulatory focus on stablecoin<\/strong>, with the US set to pass a bill on a regulatory framework for stablecoins, Reuters<\/a> reports elsewhere. The UK government is considering easing a current ban on certain retail investments linked to cryptocurrencies, the Financial Times<\/a> reports. The UK\u2019s planned regulatory framework would also cover stablecoins.<\/p>\n

The for and against: <\/strong>Detractors of the US bill fear growing stablecoin adoption would add more volatility to the market. Supporters argue more stablecoin activity will drive up demand for buying short-term government debt, as a bill would require stablecoins to be backed by short-term assets like T-bills, and therefore reduce the current fiscal pressure resulting from high levels of long-term US government debt.<\/p>\n

MARKETS THIS MORNING- <\/p>\n

Asia-Pacific markets are up in early trading, buoyed by optimism from a breakthrough in trade talks<\/strong> between Washington and Beijing over rare earth mineral exports. The Hang Seng Index, Shanghai, Kospi, Nikkei, and ASX are all in the green so far this morning \u2014 albeit by a relatively slim margin. The optimism doesn\u2019t seem to have carried over to Wall Street yet, where futures indicate the S&P 500, Nasdaq, and Dow Jones will all open in the red. <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30<\/strong><\/p>\n<\/td>\n

\n

32,904<\/p>\n<\/td>\n

\n

+0.7% (YTD: +10.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 49.45<\/p>\n<\/td>\n

\n

Sell 49.58<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CIB<\/strong>)<\/strong><\/p>\n<\/td>\n

\n

Buy 49.49<\/p>\n<\/td>\n

\n

Sell 49.59<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates (CBE)<\/strong><\/p>\n<\/td>\n

\n

24.00% deposit<\/p>\n<\/td>\n

\n

25.00% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

11,005<\/p>\n<\/td>\n

\n

+1.6% (YTD: -8.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9796<\/p>\n<\/td>\n

\n

+0.5% (YTD: +4.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

5599<\/p>\n<\/td>\n

\n

+0.1% (YTD: +8.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

6039<\/p>\n<\/td>\n

\n

+0.6% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

8853<\/p>\n<\/td>\n

\n

+0.2% (YTD: +8.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

5415<\/p>\n<\/td>\n

\n

-0.1% (YTD: +10.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 66.87<\/p>\n<\/td>\n

\n

-0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n

\n

USD 3.52<\/p>\n<\/td>\n

\n

-0.4%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 3343.40<\/p>\n<\/td>\n

\n

-0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 109,842.90<\/p>\n<\/td>\n

\n

-0.1% (YTD: +17.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P Egypt Sovereign Bond Index<\/strong><\/p>\n<\/td>\n

\n

877.95<\/p>\n<\/td>\n

\n

+0.2% (YTD: +12.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n

\n

143.84<\/p>\n<\/td>\n

\n

-0.1% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n

\n

16.65<\/p>\n<\/td>\n

\n

-1.2% (YTD: -2.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

\n

THE CLOSING BELL-<\/p>\n

The EGX30 rose 0.7% at yesterday\u2019s close<\/strong> on turnover of EGP 5.2 bn (10.5% above the 90-day average). Local investors were the sole net buyers. The index is up 10.6% YTD.<\/p>\n

In the green: <\/strong>ADIB (+5.6%), Palm Hills Development (+4.1%), and Fawry (+3.5%).<\/p>\n

In the red: <\/strong>GB Corp (-1.9%), Eastern Company (-1.6%), and CIB (-1.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The USD CoinVertible will be tradable from July<\/p>\n","protected":false},"author":1,"featured_media":666635,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[204,72,119,122,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-banking","tag-enterpriseam","tag-financial-markets","tag-planet-finance","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"a9c5f855-1fdf-4671-ba7f-9ec0999ad5e4","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/509.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Societe General becomes first bank to launch USD-backed stablecoin","related_issue":[666612],"teaser":"The USD CoinVertible will be tradable from July","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.7f258feb-4efe-4d06-a771-2dfe98a8cae8.mp3"},"yoast_head":"\nSociete General becomes first bank to launch USD-backed stablecoin - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Societe General becomes first bank to launch USD-backed stablecoin\" \/>\n<meta property=\"og:description\" content=\"The USD CoinVertible will be tradable from July\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Societe General becomes first bank to launch USD-backed stablecoin\",\"datePublished\":\"2025-06-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\"},\"wordCount\":617,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"EnterpriseAM\",\"Financial Markets\",\"Planet Finance\",\"regulation\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\",\"name\":\"Societe General becomes first bank to launch USD-backed stablecoin - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-06-11T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Societe General becomes first bank to launch USD-backed stablecoin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Societe General becomes first bank to launch USD-backed stablecoin - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/","og_locale":"en_US","og_type":"article","og_title":"Societe General becomes first bank to launch USD-backed stablecoin","og_description":"The USD CoinVertible will be tradable from July","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-06-11T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Societe General becomes first bank to launch USD-backed stablecoin","datePublished":"2025-06-11T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/"},"wordCount":617,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1","keywords":["banking","EnterpriseAM","Financial Markets","Planet Finance","regulation"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/","name":"Societe General becomes first bank to launch USD-backed stablecoin - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1","datePublished":"2025-06-11T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/societe-general-becomes-first-bank-to-launch-usd-backed-stablecoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Societe General becomes first bank to launch USD-backed stablecoin"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/509.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":662200,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/12\/big-banks-rush-into-stablecoins\/","url_meta":{"origin":666634,"position":0},"title":"Big banks rush into stablecoins","author":"enterpriseam admin","date":"12 March 2025","format":false,"excerpt":"Stablecoin transactions hit USD 710 bn last month, up from USD 521 bn a year ago","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/891.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592602,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/aramco-ups-its-dividend-despite-falling-oil-earnings\/","url_meta":{"origin":666634,"position":1},"title":"Aramco ups its dividend despite falling oil earnings","author":"enterpriseam admin","date":"8 August 2023","format":false,"excerpt":"The Saudi oil firm will pay out nearly USD 30 bn in dividends","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665837,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/btc-surpasses-usd-110k-for-first-time-amid-stablecoin-bill-progress\/","url_meta":{"origin":666634,"position":2},"title":"BTC surpasses USD 110k for first time amid stablecoin bill progress","author":"enterpriseam admin","date":"25 May 2025","format":false,"excerpt":"The cryptocurrency\u2019s gains came as US stocks and bond markets saw a sell-off","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1011.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544015,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/02\/global-fund-managers-are-missing-out-on-usd-3-tn-over-gender-imbalances-facebook-waves-goodbye-to-stablecoin-plans\/","url_meta":{"origin":666634,"position":3},"title":"Global fund managers are missing out on USD 3 tn over gender imbalances + Facebook waves goodbye to stablecoin plans","author":"enterpriseam admin","date":"2 February 2022","format":false,"excerpt":"The global fund management industry missed out on some USD 3 tn in investments because of gender imbalances in investment participation, which \u201coverwhelmingly targets men,\u201d analysis commissioned by BNY Mellon Investment Management showed, according to Bloomberg. Gender bias tends to be common in fundraising for women-led businesses as well, with\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/409.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":695196,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/","url_meta":{"origin":666634,"position":4},"title":"Growing stablecoin use threatens monetary control in emerging markets","author":"enterpriseam admin","date":"21 April 2026","format":false,"excerpt":"Stablecoins have become a tool for bypassing government-imposed restrictions on foreign currency access","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543988,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/ethiopia-eyes-usd-bns-in-private-investment-volatility-ahead-for-us-govt-backed-mortgage-loans\/","url_meta":{"origin":666634,"position":5},"title":"Ethiopia eyes USD bns in private investment + Volatility ahead for US gov\u2019t-backed mortgage loans?","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"Ethiopia launches massive investment fund: The Ethiopian government is targeting foreign investment in at least USD 150 bn-worth of state assets, as it looks to switch tack by opening up to the private sector in a bid to boost flagging growth. (Financial Times)The US government-backed mortgage loans market could be\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=666634"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666634\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/666612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666635"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666634"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666634"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}