French Société Générale Bank Launches USD Coin USDCV on Ethereum and Solana

Blockbeats

06-10

BlockBeats News, June 10, according to Cointelegraph, Société Générale's crypto subsidiary, Société Générale-Forge, announced the launch of a new stablecoin pegged to the US Dollar.

According to the announcement released on June 10, this stablecoin is named USD CoinVertible (USDCV) and will be issued on the Ethereum and Solana blockchains. The UK financial services company BNY will act as the custodian of the assets behind this stablecoin.

This release follows the company's launch of the Euro-pegged stablecoin EUR CoinVertible (EURCV) in April 2023, which was aimed at institutional clients at the time.

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