USD CoinVertible (USDCV) is intended for applications such as crypto trading, cross-border payments, FX, settlement, and cash management will start trading in early July

Quotes that support claims

As per the official release, USD CoinVertible and EUR CoinVertible are designed to be adopted by a wide range of clients and used for various applications, “including crypto trading and cross-border payments, on-chain settlement, foreign exchange transactions, and collateral and cash management.”

USD CoinVertible and EUR CoinVertible are designed to support a wide range of client activities, the bank said, including crypto trading and cross-border payments, on-chain settlement, foreign exchange transactions and collateral and cash management.