<ul><li>Societe Generale is launching a dollar-denominated stablecoin called USDCV on Ethereum and Solana blockchains as part of its cryptocurrency subsidiary SG-FORGE.</li><li>The stablecoin is fully compliant with the European Union's MiCA regulation, joining EUR CoinVertible, and will be available for trading in early July on various cryptocurrency exchanges.</li><li>USDCV is backed by BNY Mellon for cash reserves and aims to cater to various institutional use cases such as crypto trading, cross-border payments, on-chain settlement, FX trading, and collateral for lending.</li><li>Societe Generale's launch of USDCV positions it as one of the first major European banks offering regulated stablecoin products across different blockchains, providing clients with flexibility in major reserve currencies.</li></ul>

Societe Generale to Launch USD Stablecoin on Ethereum, Solana

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