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Societe Generale will launch a dollar-backed stablecoin called "USD CoinVertible" through its crypto unit SG-FORGE, becoming the first major European bank to do so. It will be available on Ethereum and Solana, with public trading expected in July.
🚀 @SocieteGenerale’s crypto-focused subsidiary, SG-Forge, has announced plans to launch a US dollar-pegged #stablecoin, USD CoinVertible (USDCV), on #Ethereum and #Solana. The new asset will enable customers to convert US dollars to $USDCV and back 24/7 for instant
🚨BREAKING: Societe Generale-FORGE, a subsidiary of France’s top bank, plans to launch USD-backed $USDCV stablecoin on @Solana, with BNY (Bank of New York) as reserve custodian.
🔥 NEW: Societe Generale launches USD CoinVertible ($USDCV), a new USD-pegged stablecoin on Ethereum and Solana, with BNY Bank as custodian.
Societe Generale-Forge, the crypto arm of Societe Generale, has launched a new USD-pegged stablecoin named USD CoinVertible (USDCV). It will be issued on Ethereum and Solana, with BNY acting as the asset custodian. Societe Generale is one of the three major banks in France.
Société Générale-Forge is launching a new dollar stablecoin. In early July, the subsidiary of Société Générale specializing in cryptocurrencies will offer USD Coinvertible on the Ethereum and Solana blockchains.
Societe Generale becomes first major bank to launch dollar-pegged stablecoin
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