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Societe Generale-FORGE has unveiled its new USD-pegged stablecoin, USD CoinVertible (USDCV), in partnership with BNY Mellon. The stablecoin will operate on Ethereum and Solana, complying with EU’s MiCA regulations. This marks SG-FORGE’s second stablecoin initiative after its EUR-backed counterpart.
- USDCV is SG-FORGE's second stablecoin, following EUR CoinVertible, and complies with MiCA regulations as an Electronic Money Token (EMT).
- BNY Mellon will act as the reserve custodian, ensuring transparency with daily disclosures of collateral reserves.
- The stablecoin will support cross-border payments, digital asset trading, and cash management, launching on Ethereum and Solana for scalability.
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