Société Générale launches US dollar stablecoin on Ethereum and Solana
Société Générale’s crypto arm launches its USDCV stablecoin on Ethereum and Solana, with BNY as custodian and a global rollout aimed at trading and settlement.
Société Générale-Forge, the crypto arm of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin.
According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. US-based financial services firm Bank of New York Mellon will act as the custodian for the assets backing the stablecoin.
The announcement follows the firm’s April 2023 launch of its euro-pegged stablecoin EUR CoinVertible (EURCV) for institutional customers.
