The launch of USD CoinVertible (USDCV) reflects SG-Forge’s strategy to meet rising institutional demand for U.S. dollar-denominated stablecoins.

Quotes that support claims

The stablecoin market remains largely US dollar-denominated,” Stenger remarked. “This new currency will enable our clients, either institutions, corporates, or retail investors, to leverage the benefits of an institutional-grade stablecoin

The stablecoin aims to support various financial applications, including digital asset trading, on-chain foreign exchange, cross-border payments, settlement, and cash and collateral management.