US EditionSocGen’s SG-Forge Unit Unveils USD Stablecoin (USDCV) on Ethereum, Solana Blockchains
- Societe Generale’s cryptocurrency division revealed on Tuesday the introduction of USD CoinVertible , a stablecoin backed by the U.S. dollar and issued on both Ethereum and Solana blockchains.
- This launch follows Societe Generale's earlier introduction of EUR CoinVertible and is driven by growing market adoption of stablecoins and evolving regulatory frameworks such as MiCA.
- USDCV is designed to facilitate activities such as cryptocurrency trading, international money transfers, blockchain-based settlements, and currency exchange operations, with its reserves held by Bank of New York Mellon to provide enhanced confidence for institutional investors.
- SG Forge expects USDCV trading to begin in early July 2025, while access is restricted to non-US clients, reflecting compliance with regulatory and licensing requirements granted by French authorities.
- As the first major global bank to issue a public dollar-backed stablecoin, Societe Generale positions itself to integrate traditional finance with digital asset ecosystems and address competitive pressure in the stablecoin market.
34 Articles
34 Articles
In an unexpected move, the French bank Societe Generale has announced the launch of a new dollar-backed stablecoin.This initiative will be carried out through SG-FORGE, the bank's cryptocurrency subsidiary, according to the original report.With this step, Societe Generale is positioned as the first major European lender to enter the vibrant dollar-backed stablecoins market.Bet for USD CoinVertibleThe stablecoin will be named "USD CoinVertible".T…
SocGen’s Crypto Arm Unveils Dollar Stablecoin on Ethereum and Solana
SG Forge, the cryptocurrency division of French bank Société Générale, plans to introduce a dollar-backed stablecoin on the Ethereum and Solana blockchains, the bank said on Tuesday. The USD CoinVertible (USDCV) will start trading in early July and involves Bank of New York Mellon acting as reserve custodian for
Societe Generale Launches Institutional Stablecoin USDCV
French banking giant Societe Generale is launching a dollar-pegged stablecoin aimed at institutional users. The reserves will be held by one of the world’s largest custodians. SG-FORGE, a subsidiary of... Сообщение Societe Generale Launches Institutional Dollar Stablecoin появились сначала на CoinsPaid Media.
Societe Generale’s SG-Forge to Launch USD-Pegged Stablecoin ‘USD CoinVertible’ on Ethereum and Solana
Societe Generale's crypto-focused subsidiary SG-Forge is advancing into the rapidly expanding digital asset ecosystem with the imminent launch of a US dollar-pegged stablecoin named USD CoinVertible, or USDCV.
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