<ul><li>Societe Generale plans to launch a U.S. dollar stablecoin on Ethereum and Solana, potentially becoming the first major European bank to do so.</li><li>The stablecoin, named USDCV, will be issued through SG-Forge, the bank's subsidiary for cryptocurrencies, with BNY Mellon overseeing custody.</li><li>This initiative follows the launch of SG-Forge's euro-pegged stablecoin, EURCV, in April 2023.</li><li>Both stablecoins comply with Europe's Markets in Crypto-Assets regulation (MiCA) as Electronic-Money Tokens (EMTs), aiming for regulatory compliance.</li></ul>

Societe Generale to Launch U.S. Dollar Stablecoin on Ethereum and Solana

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