Société Générale Forge and Upheaval discuss launching bank-backed stablecoins on Stellar, covering regulatory compliance, ecosystem partnerships, and the challenges of integrating with DeFi protocols while maintaining institutional oversight.
In this panel discussion, Tim Oh from Upheaval, Sylvain Préjean from Société Générale Forge, and Danelle Dixon from the Stellar Development Foundation discuss the journey of issuing regulated stablecoins on Stellar. Société Générale has launched euro and dollar stablecoins after two years of development, navigating complex compliance requirements across multiple bank departments. The panel covers how institutions build independent teams to move faster, the critical role of ecosystem partners like custodians, market makers, and exchanges, and how the SDF supports asset issuers through product launches. Key challenges include onboarding crypto entities within traditional banking frameworks, securing liquidity through market maker loans, and integrating with DeFi protocols while maintaining regulatory compliance. The discussion emphasizes that successful stablecoin deployment requires more than just issuing an asset; it demands careful ecosystem coordination and liquidity management.