Societe Generale Expands Tokenized Stablecoin Use on Canton

The post Euro: Growth downgrades and softer outlook – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale economists highlights that Eurozone 2026 GDP forecasts have been cut more than United States (US) projections in percentage terms, reinforcing United States (US) outperformance. While the European Central Bank (ECB) appears set on at least one rate hike, he suggests global central banks may rein in tightening as growth slows, with the bank’s end-2026 EUR/USD forecast below Bloomberg consensus. Eurozone growth trimmed as US outperforms “Consensus 2026 Eurozone GDP growth forecasts have fallen from 1.2% to 0.8% in the Eurozone since the start of the conflict, and while the US revision, from 2.5% to 2.1% is the same size, US economic out-performance will feel greater at these growth rates.” “The ECB appears committed to at least one rate hike in response to higher inflation, but it won’t take much for central banks around the world to rein I their rate-hiking plans

The post Canton Network Turns Bullish After a Super Validator Signal appeared on BitcoinEthereumNews.com. Canton (CC) is rallying nearly 8% on Thursday after Societe Generale joined the Canton Network as an Ecosystem Super Validator. The move sees the bank’s SG-FORGE unit deploy euro and dollar stablecoins for institutional settlement. The token broke above its $0.15 accumulation zone and snapped a descending trendline running from its February 3 all-time high. Price now targets the 0.618 Fibonacci retracement at roughly $0.17. Daily Chart Breaks Descending Trendline From February Peak Canton (CC) printed a 6.94% bullish daily candle on Thursday. The move sliced through a descending trendline that has capped price since its February 3 record at $0.194. That trendline had defined the multi-month downtrend after the February peak. Its break removes the most visible structural ceiling on the daily chart. The breakout follows a reclaim of the $0.15 accumulation zone earlier this week. The

The post US Dollar Index: Rates support further gains – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Kit Juckes links the Dollar’s trajectory to shifting interest rate and growth differentials, noting that US 2-year Treasury yields have surged since the war with Iran while the Dollar Index has only modestly advanced. He argues the Dollar still has room to rally, with the bank’s end-2026 DXY forecast above Bloomberg consensus. US yields outpace peers, backing Dollar “Still, the chart below of the Dollar Index and 2-year Note yields, does tell an interesting story. The dollar was already rallying before the Presidential election and continued to do so until January 2025.” “From September 2025 until the outbreak of the war with Iran, 2-year Treasury yields stayed low, in a 3.4-3.7% range despite strong economic growth, an investment boom and signs of inflationary pressures at the margin. Over the same period, the Dollar Index meandered around in a 96-101 range,

The post French banking giant SG-FORGE scales tokenized offerings on Canton – Details appeared on BitcoinEthereumNews.com. French global bank and financial services firm Société Générale is doubling down on tokenization.  On Thursday, the 14th of May, the firm announced it will set up shop in the Canton network to scale and meet the rising demand for regulated tokenized financial offerings.  Commenting on the same, Salim Nemouchi, Global Head of Prime Services at Societe Generale (SG), added,  We are convinced that a public blockchain with configurable privacy, such as Canton Network, provides the right framework to bring greater efficiency to margin calls, collateral management and risk management. Innovating for our clients is part of Societe Generale’s DNA. Last November, the bank rolled out its first U.S. tokenized digital bond issuance via Canton through its digital assets sub-division, SG-FORGE. After last year’s successful test, the bank now seems ready to scale its tokenized of

The post British Pound: Political risks and Gilt reprieve – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale strategists note that the recent selloff in Gilts has eased after long-end yields spiked to multi-year highs on fears of looser fiscal rules under a more left-wing Labour leadership. They highlight internal Labour Party dynamics, with several senior figures leaning left on spending and borrowing but favouring closer EU ties, while identifying Wes Streeting as the most market-friendly, fiscally conservative option. Gilts steady as Labour risks evolve “In the UK, the selloff in Gilts abated after the spike to multi-year highs in long-end yields over concerns for a loosening of fiscal rules under a more left-wing Labour party leadership.” “Health Secretary Wes Streeting could trigger a leadership contest as early as today and with Andy Burnham not in a position to contest, Angela Rayner indicated she may run after being cleared by HMRC of deliberate wrongdoing

France's SocGen plans to use its EURCV and USDCV stablecoins for tokenized collateral, repo financing and institutional settlement activity on the Canton blockchain network.

The European euro-backed stablecoin EURCV issued by SG Forge has grown its market cap by more than 200% over the past year.

Digital Asset Holdings, the New York-based company behind the Canton Network, is in advanced talks to raise roughly $300 million at a valuation of approximately $2 billion, with Andreessen Horowitz’s A16z crypto leading the round. Digital Asset Eyes $300M Round Led by A16z Crypto at $2B Valuation The round has not closed, and its final […]