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SocGen Launches USD-Pegged Stablecoin on Ethereum and Solana

  • Société Générale launched a USD-pegged stablecoin, USDCV, on Ethereum and Solana, following its EUR-backed EURCV.
  • USDCV is MiCA-compliant and backed by assets custodied by BNY Mellon, enhancing institutional trust.
  • Stablecoins are becoming central to banking innovation, with global circulation projected to reach $2.8 trillion by 2028.
  • French banking powerhouse Société Générale launches USDCV stablecoin, supported by BNY Mellon, fostering institutional crypto adoption in Europe.

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