Société Générale Launches Dollar-Backed Stablecoin on Ethereum and Solana

Société Générale, a major European banking institution, has announced the launch of its US dollar-backed stablecoin, USD CoinVertible (USDCV), utilizing its digital asset arm, Société Générale-FORGE (SG-FORGE). Scheduled for early July 2025 debut on Ethereum and Solana blockchains, this move positions the bank as a pioneer in integrating traditional finance with blockchain technology. This marks SG-FORGE’s second stablecoin launch following EUR CoinVertible (EURCV) debuted on Stellar and later expanded to Ethereum. )