# Beyond the Baseline. What it Really Takes to Scale Institutional Stablecoins

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-10-07
- Duration: 24:48
- Watch: https://streameth.org/watch/yt-fK99MYCB6To
- YouTube: https://www.youtube.com/watch?v=fK99MYCB6To

## Description

Stablecoins might be programmable money but inside a bank, they're also regulatory minefields. Société Générale explains how they issued euro and dollar coins through SG‑FORGE, and why integration with DeFi protocols still requires workarounds and intermediaries. Stellar's support shows the gap between intention and execution in institutional crypto.

Speakers:
Denelle Dixon, CEO & Executive Director, Stellar Development Foundation
Sylvain Prigent, CPO, SG-Forge
Moderator: Tim Oh, Co-founder, Upheaval Inc

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00:00 Intros and Overview
01:03 Société Générale’s Stablecoin Origin
02:58 Internal Structure and Compliance
05:36 Gaining Autonomy from the Bank
07:18 Banks Quietly Built on Blockchain
08:57 Franklin Templeton’s Surprise Filing
10:17 Liquidity and Market Maker Needs
12:10 Misconceptions Around Stablecoins
13:42 Building Ecosystem Partnerships
15:13 Onboarding Crypto Firms into Banks
17:22 Risk Ratings and Capital Costs
18:19 Stellar’s Role in Product Launch
20:14 DeFi Access and Regulatory Limits
22:38 Regulator Pushback and Intermediaries
24:17 Loans, Liquidity, and the Road Ahead

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About: 
By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.