Societe Generale Launches USDCV Stablecoin on Ethereum and Solana

Odaily News Société Générale-Forge, the crypto subsidiary of French bank Société Générale-Forge, has announced the launch of a new stablecoin pegged to the US dollar. According to an announcement published on June 10, the stablecoin, called USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. British financial services company BNY will serve as the custodian of the assets behind the stablecoin. The launch follows the company's launch of the euro-pegged stablecoin EUR CoinVertible (EURCV) in April 2023, which was then issued to institutional clients. (Cointelegraph)