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- Société Générale Debuts Crypto Stablecoin
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:
- 🪂 Jito Announces JTO Airdrop
- 🔗 Etherscan asking for $1 million/yr from the ENS DAO
- 🦅 Arbitrum DAO approves $23M "backfund" for projects that missed STIP Round 1
- 🔴 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!
| PROTOCOL | ASSETS | APY |
|---|---|---|
 Abracadabra (Arbitrum) | MIMUSDCUSDT | 39.98% |
 Merkl (Arbitrum) | STEURUSDC | 30.55% |
 Aura (Arbitrum) | DOLAUSDC | 26.96% |
 Vela Exchange (Arbitrum) | USDC | 26.35% |
 Velodrome V2 (Optimism) | USDVUSDC | 26.27% |
 Solv Funds (Arbitrum) | USDC | 23.29% |
 Pendle (Arbitrum) | GDAI | 22.13% |
 Vesper (Ethereum) | FRAX | 21.79% |
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That’s it for today’s edition! See you soon.
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