Société Générale launches US dollar stablecoin on Ethereum and Solana

Description

Société Générale’s crypto arm launches its USDCV stablecoin on Ethereum and Solana, with BNY as custodian and a global rollout aimed at trading and settlement.

Authors

Adrian Zmudzinski

Publish date

June 10, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/societe-generale-forge-to-launch-a-usd-denominated-stablecoin

Referenced by

Société Générale launches USDCV stablecoin

Crypto news

News story

US-based financial services firm Bank of New York Mellon will act as the custodian for the assets backing the stablecoin.

Crypto news

Quote

After the release of a MiCA-compliant EUR stablecoin (EURCV), the launch of a US dollar version (USDCV) was the obvious next step for Société Générale–Forge as market adoption of stablecoins is growing exponentially,” said Jean-Marc Stenger, CEO of Société Générale-Forge.

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