Société Générale-Forge Launches USD CoinVertible (USDCV) Stablecoin on Ethereum and Solana Blockchains

Société Générale-Forge, the crypto division of the French banking giant Société Générale, has unveiled a new stablecoin named USD CoinVertible (USDCV), pegged to the US Dollar. This strategic move, announced on June 10, marks a significant expansion of their digital asset offerings, with issuance planned on both the Ethereum and Solana blockchains. The UK-based financial services firm BNY will serve as the custodian, ensuring robust asset backing and regulatory compliance.

This launch follows the successful introduction of the Euro-pegged stablecoin EUR CoinVertible (EURCV) in April 2023, which targeted institutional investors seeking stable digital currency solutions. By leveraging established blockchain networks and trusted custodial partnerships, Société Générale-Forge aims to enhance liquidity and trust within the stablecoin market, catering to the evolving needs of institutional clients.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();