SG-FORGE has introduced USD CoinVertible (USDCV), a U.S. dollar-backed stablecoin deployed on both Ethereum and Solana blockchains. The regulated digital asset targets institutional investors with BNY Mellon serving as custodian, ensuring secure asset reserves.
USDCV aims to enhance cross-chain liquidity between Ethereum and Solana ecosystems, reducing transaction costs and streamlining interoperability for institutional users. The integration facilitates seamless transfers and round-the-clock fiat-to-crypto conversions, addressing demand for compliant stablecoin solutions in digital asset markets.
By leveraging Ethereum’s established market dominance and Solana’s high throughput capabilities, the stablecoin seeks to boost adoption across decentralized finance and institutional use cases. This dual-chain strategy eliminates reliance on cross-chain bridges while optimizing transaction efficiency.
The launch signifies SG-FORGE’s broader initiative to bridge traditional finance and blockchain technology, setting new standards for regulated, bank-issued stablecoins designed for enterprise adoption.