French bank Societe Generale to launch US dollar-pegged stablecoin on Ethereum and Solana

Description

French banking giant Societe Generale announced plans to launch a U.S. dollar-pegged stablecoin called USD CoinVertible (USDCV) on Ethereum and Solana, potentially becoming the first major European bank to do so.

Authors

Naga Avan-Nomayo

Publish date

June 10, 2025

Publisher

The Block

Web URL

https://www.theblock.co/post/357577/societe-generale-stablecoin-ethereum-solana

Referenced by

Société Générale launches USDCV stablecoin

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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

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