Breaking : Societe Generale, through its crypto subsidiary SG-Forge, has launched a USD-pegged stablecoin called USD ConVertible (USDCV) on the Ethereum and Solana blockchains. The Bank of New York Mellon (BNY Mellon) is acting as the reserve custodian for the stablecoin's assets. Public trading is expected to start in July 2025. The stablecoin is designed to be compliant with the EU's Markets in Crypto-Assets (MiCA) regulation and is aimed at institutional clients, offering 24/7 fiat-to-crypto conversions.
