Catenaa, Thursday, October 02, 2025- Société Générale is advancing into decentralized finance by integrating its euro and dollar stablecoins with Uniswap and Morpho, enabling institutional clients to lend and borrow on DeFi platforms.
Through its digital assets arm, SG Forge, the bank’s clients can now swap between USDCV and EURCV stablecoins and other crypto assets on Uniswap, then leverage vaults on Morpho for borrowing and lending.
This represents one of the first instances of a major European bank moving beyond pilot programs to actively use DeFi infrastructure.
The move aligns with a surge in DeFi lending, which hit a record $130 billion in deposits in early September, according to DefiLlama.
Major protocols such as Aave, Morpho, and Euler have drawn substantial liquidity, generating significant fees amid expanding adoption.
Société Générale has been exploring DeFi since 2021, initially proposing to use its securities as collateral with DeFi lender Sky. In 2023, the bank issued its regulated USDCV and EURCV stablecoins on Ethereum and Solana, signaling a long-term commitment to blockchain finance.
Other traditional banks are following suit. Credit Suisse invested in Taurus to enable asset tokenization, while Standard Chartered partnered with Paxos to issue stablecoins.
The increasing clarity of global crypto regulation, including the EU’s MiCA rules and recent US stablecoin legislation, has emboldened banks to engage with digital asset platforms.
Société Générale’s integrations with Uniswap and Morpho may serve as a blueprint for broader adoption of DeFi by institutional players, combining regulated stablecoins with open-market lending to expand liquidity, yield, and market access.
