The post Societe Generale launches the new stablecoin appeared on BitcoinEthereumNews.com.

The launch of the stablecoin USD CoinVertible marks an important evolution in the cryptocurrency market, effectively connecting traditional systems to digital ones thanks to Societe Generale-FORGE and Bank of New York Mellon.  The digital currency, denominated in US dollars, will be available on the public blockchains Ethereum and Solana, offering customers new opportunities for instant and secure transactions. Societe Generale-FORGE and the new stablecoin USD CoinVertible Societe Generale-FORGE (SG-FORGE), one of the main entities dedicated to crypto assets of the Societe Generale Group, has announced the launch of USD CoinVertible (USDCV).  That is, a stablecoin pegged to the value of the US dollar and built to operate on two public blockchains: Ethereum and Solana. This technical choice ensures flexibility, speed, and low costs in transactions. The financial group Bank of New York Mellon (BNY), a global leader in financial services, will be the custodian of the reserves of USD CoinVertible.  This collaboration ensures a solid integration between traditional sectors and emerging ones of digital finance, with a secure and transparent management of activities guaranteeing the stablecoin. USD CoinVertible represents the second stablecoin launched by SG-FORGE after the release of EUR CoinVertible (EURCV), which occurred in April 2023.  Both are designed to provide investors and financial operators with robust and immediate access to the stablecoin markets. A strength of these stablecoin is the possibility offered to customers to make immediate and continuous conversions between fiat currencies and digital assets.  In practice, during every moment of the day and night, investors will be able to exchange USD or EUR with USDCV or EURCV without interruptions, making trading and payments smoother and more efficient. Areas of use and recipients of the stablecoin USDCV USD CoinVertible is not just an exchange tool, but a versatile resource that supports multiple financial activities, including: – Cryptocurrency…

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Filed under: News - @ June 10, 2025 11:25 am