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Societe Generale’s crypto division, FORGE, is expanding its stablecoin offerings with the launch of USD CoinVertible (USDCV) on Ethereum and Solana. This follows its 2023 EUR-denominated stablecoin, EURCV, and aims to meet growing institutional demand. BNY Mellon will act as the reserve custodian, bridging traditional and digital finance.
- USDCV is Societe Generale-FORGE's second stablecoin, following EURCV, and is MiCA-compliant.
- BNY Mellon will manage reserves, ensuring seamless integration between TradFi and DeFi.
- The stablecoin targets institutional clients for crypto trading, FX, and cross-border payments.
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