SG-FORGE Launches USD CoinVertible Stablecoin for Institutional Use on Ethereum & Solana

Société Générale’s (SG-FORGE) has launched a USD CoinVertible stablecoin, aimed at institutional clients, with distributions set to begin on June 10, 2025, on both Ethereum and Solana. The stablecoin offers seamless fiat-to-stablecoin conversions, backed by assets held through BNY’s custody services. This move expands SG-FORGE’s digital assets presence, following the launch of EUR CoinVertible in 2023. Jean-Marc Stenger, CEO of SG-FORGE, emphasizes a focus on efficient digital asset issuance and the stablecoin serves as a cornerstone for enhanced liquidity within both Ethereum and Solana networks.