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Crypto World Network, April 23 — According to Reuters, Jean-Marc Stenger, CEO of SG-FORGE, a subsidiary of Société Générale's crypto business, stated that the bank is onboarding more crypto companies as clients and expects corporate clients' use of stablecoins to grow.
Stenger said that SG-FORGE currently has 15 clients, including crypto exchanges, brokers, and wallet providers.
Stenger mentioned that with the EU crypto regulations coming into effect last year, the European crypto industry is becoming increasingly mature, and Société Générale is providing traditional banking services to crypto-native companies through SG-FORGE.
Stenger predicts that crypto companies will need euro stablecoins to serve European retail customers and are beginning to seek European alternatives to existing players.