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Societe Generale’s digital asset arm, SG-FORGE, is launching a USD-pegged stablecoin, USD CoinVertible (USDCV), on Ethereum and Solana. The move strengthens the bridge between traditional finance and decentralized infrastructure, with BNY Mellon serving as reserve custodian.
- SG-FORGE’s USDCV stablecoin will launch on Ethereum and Solana in early July, complementing its existing EURCV stablecoin.
- BNY Mellon acts as reserve custodian, reinforcing trust in asset backing and regulatory compliance under MiCA.
- The stablecoin targets institutional and retail use cases, including crypto trading, FX, and cross-border payments, but excludes US users.
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Other Tags: BNY Mellon, DeFi, Societe Generale