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Société Générale’s crypto arm cantering toward launch of dollar-backed stablecoin on Kraken

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Summary
Nutrition label

62% Informative

Société Générale's crypto arm is cantering toward the launch of a dollar-backed stablecoin.

The French banking heavyweight is tapping Ethereum for the stablecoin rollout with further plans to extend to Solana .

A wave of financial institutions are dabbling in stablecoins as the regulatory haze clears on both sides of the Atlantic .

VR Score

46

Informative language

40

Neutral language

47

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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