Societe Generale’s digital asset arm, SG-FORGE, has launched a new USD-pegged stablecoin, USD CoinVertible (USDCV), on both the Ethereum and Solana blockchains. The stablecoin is slated to begin trading in early July. 24/7 fiat-to-stablecoin conversion will be offered via USDCV and EURCV, which already launched earlier this year. This product marks SG-FORGE’s continued effort to bridge traditional finance with decentralized infrastructure. BNY Mellon will serve as the reserve custodian for these new tokens. SG-FORGE has designed both stablecoins in compliance with EU regulations under MiCA, classifying them as Electronic Money Tokens (EMTs). The firm itself is licensed as an Electronic Money Institution by France’s ACPR. Both USDCV and EURCV will be accessible to clients across various sectors – institutions, corporations, and retail investors – through exchanges, brokers, and payment platforms. Liquidity for these products will come from several market makers. However, US residents won’t be able to use these products.