French Bank "Société Générale" announced the launch of a new stablecoin linked to the US dollar, in a move considered the first of its kind among major European banks, amid the flourishing stablecoin market worldwide.
The new currency, named "USD CoinVertible", will be launched through the bank's specialized digital assets arm, "SG-FORGE", and is expected to start public trading from next July, according to an official statement released on Tuesday.
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