The post Société Générale Set to Launch USDCV Stablecoin on Ethereum appeared on BitcoinEthereumNews.com.

Société Générale’s USDCV stablecoin will launch on Ethereum and Solana to improve settlement and liquidity for institutional clients. Backed by cash reserves, USDCV reflects the bank’s cautious but firm step into regulated digital finance. French banking group Société Générale is preparing to release a new stablecoin, USDCV, on the Ethereum and Solana blockchains. This step shows how the bank moves further into digital assets, aiming to merge traditional banking with blockchain technology. Société Générale Expands Stablecoin Strategy with USDCV It is worth mentioning that the USDCV stablecoin will be backed by cash and cash-equivalent reserves, and it is designed for use by institutional clients.  Société Générale’s digital asset arm, SG-FORGE, which focuses on secure, regulated applications of blockchain in finance, is behind the project. The decision to launch on Ethereum and Solana appears to be strategic. Ethereum is widely used in decentralized finance and has a well-established network of developers and projects.  Other firms have also been involved in Ethereum recently. As highlighted in a previous news brief, BlackRock’s recent $561 million shift from Bitcoin to Ethereum marks a major institutional pivot and could trigger increased interest in altcoins. Solana offers faster transaction speeds and lower fees, making it useful for high-volume or time-sensitive operations. In an earlier update, CNF reported that Classover announced its plans to raise $500 million to establish a SOL corporate treasury reserve. This shows Solana has a great appeal, making it fit for the stablecoin. The bank could appeal to a wide range of users and use cases by covering both networks. Similarly, this is not the bank’s first move into blockchain. Société Générale has been involved in blockchain-based bonds and tokenized assets in recent years.  The new stablecoin adds another layer to that strategy, providing a tool for settlements, lending, or other on-chain operations.…

---

Filed under: News - @ June 10, 2025 7:28 pm