• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

DigiBanker

Bringing you cutting-edge new technologies and disruptive financial innovations.

  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In
  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In

Societe Generale’s dollar-backed stablecoin launch points to the global landscape for issuance beyond the US, underpinned by worldwide demand for U.S. dollars and expanding use cases in FX, cross-border payments and cash management

June 12, 2025 //  by Finnovate

Societe Generale-FORGE (SG-FORGE) is to launch a new stablecoin, the USD CoinVertible, on both the Ethereum and Solana public blockchains (ticker code: USDCV). The Bank of New York Mellon Corporation, will act as reserve custodian, enabling seamless integration between traditional and digital financial ecosystems. The USD CoinVertible is the second stablecoin issued by SG-FORGE after the EUR CoinVertible (ticker code: EURCV) launched in April 2023, allowing investors to benefit from a robust access to stablecoin markets and a seamless trading experience on two major currencies. SG-FORGE will propose to its clients instant 24/7 conversion between fiat currencies and stablecoin, enabling immediate, around-the-clock transactions in both USD and EUR. USD CoinVertible and EUR CoinVertible are designed to support a wide range of client activities, including crypto trading and cross-border payments, on-chain settlement, foreign exchange transactions, and collateral and cash management. The stablecoins will be listed on various crypto exchanges and available to institutional, corporate and retail investors through different crypto brokers and payment service providers, with liquidity provided by several reputable market makers. Trading of USDCV is expected to start early July. Both USD CoinVertible and EUR CoinVertible are Electronic-Money Tokens (EMT) fully compliant with the European Markets in Crypto-assets (MiCA) regulation.

Read Article

Category: Essential Guidance

Previous Post: « Success of Pix and UPI is paving way for a three-stage framework for state-led fast payment systems that involves weighting pre-requisites, implementation and scaling and establishing engagement mechanisms and regulatory adjustments

Copyright © 2025 Finnovate Research · All Rights Reserved · Privacy Policy
Finnovate Research · Knyvett House · Watermans Business Park · The Causeway Staines · TW18 3BA · United Kingdom · About · Contact Us · Tel: +44-20-3070-0188

We use cookies to provide the best website experience for you. If you continue to use this site we will assume that you are happy with it.OkayPrivacy policy