Société Générale Forge and Upheaval discuss issuing bank-backed stablecoins on Stellar, covering regulatory compliance, ecosystem partnerships, and DeFi integration challenges for institutional asset issuers.
Tim Oh from Upheaval, Sylvain Prigent from Société Générale Forge, and Danel Dixon from the Stellar Development Foundation discuss the journey of launching euro and dollar stablecoins on Stellar. Société Générale began exploring digital assets in 2018 with security tokens, evolving into stablecoin issuance. The panel covers internal organizational challenges, compliance requirements involving multiple departments, onboarding ecosystem partners like exchanges and market makers, and regulatory constraints around DeFi integration. Key topics include liquidity provisioning, the role of the Stellar Development Foundation in supporting asset launches, and the misconception that every bank needs its own stablecoin rather than collaborating on fewer, higher-quality assets.