The crypto arm of the French banking giant Société Générale launches a stablecoin to an American dollar on blockchains Ethereum (ETH) and Solana (soil).
In a new announcement, Société Générale-Forge says that it launches the USD Coinvertible (USDCV), its second stablecoin after the launch in 2023 of EUR Coinvertible (EURCV).
Says Jean-Marc Stenger, CEO of the Societe General-Forge,
“After the publication of an EUROCOIN EURCV, in accordance with Mica, the launch of an USDCV American version was the next obvious step for Société Générale-Forge, because the adoption of the Stablecoins market increases in an exponential way.
The Stablecoin market remains largely worded in US dollars. This new currency will allow our customers, either institutions, companies or retail investors, to take advantage of the advantages of a stablecoin of institutional quality. »»
The French bank says that the New York Mellon Corporation (BNY) Bank will serve as a “reserve guard, allowing transparent integration between traditional and digital financial ecosystems”.
The bank says that it is that stablecoins have several use cases for its customers, including cryptographic trading, cross -border payments, chain regulations, exchange transactions and cash management.
The launch of the USDCV is expected to start next month. The stablecoins will be listed on several exchanges of cryptography.
None of the Stablecoins will be available to the United States at the moment.
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