Banks & Stablecoins REFERENCE · bank & partner official releases · as of 2026-10-26
In short: 8 banks with officially announced stablecoin activity: 5 issuer, 3 custodian, 2 settlement and 0 pilot entries, e.g. Societe Generale-FORGE (EURCV, USDCV), BNY (RLUSD reserve custodian) and JPMorgan Kinexys (JPMD pilot). Sources: official bank releases, as of 2026-10-26.
Banks issuing stablecoins or deposit tokens, custodying stablecoin reserves, settling in stablecoins, or piloting them. Official sources only; not exhaustive.
| Bank | Project / coin | Role | Status | Date | Links |
|---|---|---|---|---|---|
| 🇫🇷 Societe Generale (SG-FORGE) France | EUR CoinVertible (EURCV) EURCV launched April 2023 (per SG-FORGE release of 10 Jun 2025). | Issuer | Live | 2023-04 | Bank ↗ · Source ↗ |
| 🇫🇷 Societe Generale (SG-FORGE) France | USD CoinVertible (USDCV) — Ethereum, Solana BNY reserve custodian; not available to US persons. | Issuer | Announced (trading expected early Jul 2025) | 2025-06-10 | Bank ↗ · Source ↗ |
| 🇺🇸 BNY United States | USDCV reserves (SG-FORGE) | Custodian | Announced | 2025-06-10 | Bank ↗ · Source ↗ |
| 🇺🇸 BNY United States | Ripple USD (RLUSD) reserves Primary custodian of RLUSD reserves; also transaction banking for Ripple. | Custodian | Live | 2025-07-09 | Bank ↗ · Source ↗ |
| 🇺🇸 J.P. Morgan (Kinexys) United States | JPMD USD deposit token — Base Permissioned deposit token for institutional clients; J.P. Morgan describes it as a deposit token, not a stablecoin. | Issuer | Pilot (proof of concept) | 2025-06-24 | Bank ↗ · Source ↗ |
| 🇺🇸 SoFi Bank, N.A. United States | SoFiUSD First national bank to issue a stablecoin on a public permissionless chain (per SoFi). | Issuer | Live | 2025-12-18 | Bank ↗ · Source ↗ |
| 🇺🇸 Anchorage Digital Bank, N.A. United States | USDPT (Western Union) — Solana Federally regulated issuer for Western Union’s USDPT. | Issuer | Live | 2026-05-04 | Bank ↗ · Source ↗ |
| 🇺🇸 Cross River Bank United States | Visa USDC settlement — Solana Initial US bank settling with Visa in USDC. | Settlement | Live | 2025-12-16 | Bank ↗ · Source ↗ |
| 🇺🇸 Lead Bank United States | Visa USDC settlement — Solana Initial US bank settling with Visa in USDC. | Settlement | Live | 2025-12-16 | Bank ↗ · Source ↗ |
| 🇸🇬 DBS Bank Singapore | Paxos Singapore stablecoin reserves & cash management Primary banking partner for custody of stablecoin reserves. | Custodian | Announced | 2024-07-01 | Bank ↗ · Source ↗ |
Consortium entries: none published yet with an official link this pass. Roles inferred only from the cited release text.