Societe Generals expand their commitment in the field of digital financial services with a stable cryptocurrency based on Ethereum and Solana in US dollars.

The subsidiary of the Société Générale, SG Forge, specializes in cryptocurrencies, prepares the introduction of a new stable coin, which is formed in the dollar. This takes a traditional European bank a further step into the area of digital assets.

The token called USD Coinvertible (USDCV) is to be introduced both on the Ethereum and Solana Blockchain and is expected to go live at the beginning of July.
This is the company's second large StableCoin initiative of the company according to the previously listed, euro-based EURCV. While EURCV is one of the first regulated stable coins in Europe as part of the mica

Regulation of the EU was aimed at the new dollar version on a much wider and more competitive market.
In order to ensure transparency and regulatory robustness, SG Forge has closed a partnership with BNY Mellon for the custody of the reserves that support the token. The decision to include one of the most established names of Wall Street underlines the strategy of the Société Générale to close the gap between conventional financial instruments and blockchain-based tools.

Jean-Marc Stenger, CEO of SG Forge, found that the demand for stable coins continues to grow rapidly, especially in institutions that are looking for safe and compliant opportunities to operate on-chain. He described the introduction of the USD covertible as “natural further development” after the company's success with the euro version.

SG Forge states that his stable coins will fulfill a wide range of functions beyond simple trade-from international payments and foreign exchange processing to security management and blockchain-based treasury operations. The tokens are primarily designed for institutional users and are not available in particular.

With the introduction of EUR and USD-assured digital assets within a regulatory framework, the Société Générale signals its long-term engagement for the integration of traditional financial mechanisms into a decentralized infrastructure. This is another step in the transformation of the way in which banks deal with money in a tokenized world.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.