French Bank Societe Generale to Launch USD-backed Stablecoin: Why is Stablecoin Market Heating Up?

Description

The crypto arm of one of France’s leading banks, Societe Generale, has launched the USD-pegged stablecoin CoinVertible (USDCV), with an aim to bridge traditional and digital financial ecosystems.

Authors

Gopal Solanky

Publish date

June 10, 2025

Publisher

The Crypto Times

Web URL

https://www.cryptotimes.io/2025/06/10/french-bank-societe-generale-to-launch-usd-backed-stablecoin-why-is-stablecoin-market-heating-up

Referenced by

Société Générale launches USDCV stablecoin

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However, neither USD CoinVertible (USDCV) nor EUR CoinVertible (EURCV) is available to U.S. citizens.

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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.”

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