Société Générale Launches USDCV Stablecoin on Ethereum and Solana

According to Cointelegraph, Société Générale-Forge, the cryptocurrency subsidiary of Société Générale, has announced the launch of a new stablecoin pegged to the US dollar. According to the announcement released on June 10, this stablecoin, named USDCoin Vertible (USDCV), will be issued on the Ethereum (Ethereum) and Solana blockchains. The UK financial services company BNY will act as the custodian of the assets behind this stablecoin. This launch follows the company's introduction of the euro-pegged stablecoin EURCoin Vertible (EURCV) in April 2023, which was issued for institutional clients at that time.