Societe Generale, the third largest bank in France, launches USD-pegged stablecoin USDCV, issued by its subsidiary SG-Forge on Ethereum and Solana, expected to trade from July 2025. With a global stablecoin market capitalization reaching $250 billion (according to CoinMarketCap, as of June 11, 2025), USDCV complies with EU law #MiCA and is custodied by BNY Mellon, providing reliability for crypto transactions, cross-border payments, and DeFi.

As the first stablecoin from a major European bank, #USDCV competes with USDT and $USDC , while reflecting the trend of financial institutions like JPMorgan Chase and Deutsche Bank entering the market. The combination of traditional finance and blockchain by Societe Generale strengthens the potential of stablecoins, opening opportunities for decentralized financial applications in Europe and the US.

Risk warning: Investing in cryptocurrency carries high risks due to strong price volatility. #anhbacong