Traditional Finance Meets DeFi
1inch has made another move to connect traditional banking with decentralized finance by adding Flowdesk as a resolver for Societe Generale’s stablecoins. The integration means 1inch Swap can now route liquidity for EURCV and USDCV, bringing bank-issued stablecoins directly into the aggregator’s trading network. This gives traders access to euro and dollar liquidity across major blockchains.
Flowdesk, a Paris-based liquidity provider registered with France’s financial regulator, will join 1inch’s resolver network. They’ll handle order execution and liquidity for both stablecoins. The company’s regulated status and institutional infrastructure make it a natural fit for this partnership. Flowdesk says it provides solutions for institutions across both on-chain and centralized platforms, acting as the primary counterparty for these stablecoins on 1inch.
Bank-Backed Stablecoins Enter DeFi
EURCV and USDCV come from SG-FORGE, Societe Generale’s digital assets division. The tokens are presented as compliant with Europe’s MiCA framework, available on Ethereum and Solana. SG-FORGE describes them as fully backed, transparently collateralized tokens designed for both institutional and retail use. Societe Generale’s entry into stablecoins has been closely watched since they launched EURCV earlier and announced USDCV this year.
This integration comes during what many are calling “stablecoin summer” in 2025. Transfer volumes have grown significantly, putting stablecoins in the spotlight for regulators and traditional finance firms. Industry reports show annual stablecoin transfers reaching tens of trillions, showing how quickly tokenized cash is moving into mainstream financial systems. Having regulated, bank-backed stablecoins available on major DeFi platforms combines on-chain utility with the compliance that institutional users need.
Practical Benefits for Users
For 1inch users, the change is straightforward. Swaps involving EURCV or USDCV can now route through Flowdesk’s liquidity, which might mean better pricing and execution for euro and dollar trades. For SG-FORGE, this integration expands distribution, giving token holders and market makers another place to trade and settle in DeFi environments.
Both sides emphasize that this isn’t about custody. 1inch remains a non-custodial routing interface that doesn’t issue, redeem, or hold EURCV or USDCV tokens. The platform just facilitates the trading.
Broader Industry Shift
This move reflects wider industry activity where banks and regulated entities are experimenting with tokenized currency systems. It places 1inch among a growing number of DeFi infrastructure projects supporting regulated, institution-grade assets. As stablecoin adoption accelerates across retail, institutional, and regulatory fronts, integrations like this will likely influence how traditional liquidity providers and DeFi aggregators work together.
They’re not just improving trade execution but creating pathways for institutions to operate on-chain while maintaining regulatory compliance. It’s a careful balancing act between innovation and oversight, and this partnership shows how both can coexist in practice. The real test will be whether users actually adopt these bank-backed tokens in meaningful volumes, but having them available on major platforms is certainly a step in that direction.
