Société Générale Debuts Crypto Stablecoin

🌐 Société Générale's Crypto Venture

Bank Launches Stablecoin: Société Générale will launch EUR CoinVertible, a stablecoin, on Bitstamp exchange. This marks a major move by a traditional bank into cryptocurrency trading, a field mainly led by specialist firms.

Stablecoin's Unique Features: Unlike other bank's stablecoins limited to institutional clients, SocGen's is widely available. It’s fully backed by euros, aligns with upcoming EU regulations, and aims to facilitate digital asset trades.

Broader Industry Implications: The stablecoin, compliant with EU's Mica regulation, will cater to asset tokenization. It's already used for a digital green bond by Axa Investment Managers and poses no exposure risk to the French bank. Read More.

️ On today's Top Picks:

  1. 🪂 Jito Announces JTO Airdrop
  2. 🔗 Etherscan asking for $1 million/yr from the ENS DAO
  3. 🦅 Arbitrum DAO approves $23M "backfund" for projects that missed STIP Round 1
  4. 🔴 Optimism RetroPGF to distribute 30M $OP

Read time: ⏰ 6 minutes


Crypto News


Worldcoin launches grant program, outlines decentralization plans

Bitcoin dev Luke Dashjr calls inscriptions ‘spam,’ community members push back

My experience with the FBI: a wake-up call to public-facing crypto people

• ⭐️ Optimism RetroPGF to distribute 30M $OP tokens, 643 projects applied

Nearly $100 million in bitcoin shorts liquidated on centralized exchanges in 24 hours

• ⭐️ Arbitrum DAO approves $23 million 'backfund' for projects that missed STIP Round 1

Binance to compensate traders who mistakenly bought a rally in AEUR stablecoin

EigenDA to superpower its rollups for DeFi (Study)

• ⭐️ Etherscan asking for $1 million/yr from the ENS DAO streaming program

Alpha


Yearn V3 launches on Polygon

Chromia Mainnet confirmed in 2024

A tool for visualizing smart contract deployments

Mint an NFT in zkSync Lite

EigenLayer x Ether Fi integration for points

Airdrops


Guide for the Linea Guild Voyage, new week

• ⭐️ Jito Announces JTO Airdrop. Eligibility:

Jupiter Exchange starts airdrop campaign

$ZKF Airdrop, from ZKFair

Finance News


• ⭐️ Société Générale to become first big bank to list a stablecoin

Crypto tax evasion cases are on the rise

SEC wants judge overseeing Terraform case to rule on securities claims

UK still undecided on future of digital pound

Paxful co-founder Ray Youssef becomes CEO of P2P financial communication app Noones

Security and Exploits


Thirdweb discloses security vulnerability

Malicious browser extensions are a growing threat.

Token Unlocks


• Liquity / 657.35L $LQTY / ~$1M / 04 DEC
• Galxe / 2.03M $GAL / ~$3.02M / 04 DEC
• Hashflow / 13.62M $HFT / ~$4.32M / 06 DEC
• Euler / 129.47K $EUL / ~$445K / 06 DEC
• Moonbeam / 12.72M $GLMR / ~$3.49M / 10 DEC


Funding


Curvance announces $3.6M seed

LandX $5M Private Funding

Shadow $9M led by Paradigm

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT39.98%
Merkl logoMerkl (Arbitrum)STEURUSDC30.55%
Aura logoAura (Arbitrum)DOLAUSDC26.96%
Vela Exchange logoVela Exchange (Arbitrum)USDC26.35%
Velodrome V2 logoVelodrome V2 (Optimism)USDVUSDC26.27%
Solv Funds logoSolv Funds (Arbitrum)USDC23.29%
Pendle logoPendle (Arbitrum)GDAI22.13%
Vesper logoVesper (Ethereum)FRAX21.79%
. . .

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. . .

That’s it for today’s edition! See you soon.

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