<ul><li>French banking group Société Générale is set to launch a new stablecoin called USDCV on the Ethereum and Solana blockchains to enhance settlement and liquidity for institutional clients.</li><li>USDCV will be backed by cash reserves and is part of Société Générale's move towards regulated digital finance under its digital asset arm, SG-FORGE.</li><li>The decision to launch on Ethereum and Solana strategically leverages Ethereum's dominance in DeFi and Solana's speed and lower fees for high-volume operations.</li><li>The launch of USDCV by Société Générale reflects the bank's broader strategy in blockchain-based assets and bonds, aiming to provide a tool for settlements, lending, and on-chain operations.</li></ul>

French Bank Société Générale Set to Launch USDCV Stablecoin on Ethereum and Solana

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