The cryptocurrency division of the French bank Société Générale — SG Forge — has announced the launch of a new stablecoin pegged to the US dollar. The USD CoinVertible (USDCV) token will operate on the Ethereum and Solana blockchains, and trading is set to begin in early July 2025.

It is known that the reserves for this asset will be held at Bank of New York Mellon. The stablecoin is positioned as a tool for integrating digital assets into traditional finance.