Société Générale Launches USD-Pegged Stablecoins on Ethereum and Solana

Société Générale has launched USD-pegged stablecoins, USDCV, on the Ethereum and Solana blockchains. This follows the launch of its EUR-backed EURCV stablecoin on the Stellar network, making it a significant step in institutional crypto adoption across Europe. The new stablecoins are MiCA compliant, backed by assets custodied by BNY Mellon, ensuring a high level of institutional trust. This move aligns with global trends and banking innovation, where stablecoins are expected to reach a market capitalization of $2.8 trillion by 2028.