Société Générale Launches USDCV Stablecoin, Expanding into Mainstream Finance

Société Générale-Forge, the crypto arm of French financial giant Société Générale, has launched its new US dollar-pegged stablecoin, USD CoinVertible (USDCV). This move expands the firm’s blockchain offerings and brings stablecoin technology closer to mainstream finance. 2023 sees the launch of USDCV following the successful EUR CoinVertible (EURCV) in April, further solidifying their commitment to the burgeoning stablecoin market. The stablecoin will be issued on both Ethereum and Solana, offering wider infrastructure for institutional and individual users alike.