Société Générale’s digital asset subsidiary, Société Générale-Forge, has expanded its stablecoin offerings with the introduction of USD CoinVertible (USDCV), a new stablecoin pegged 1:1 to the US Dollar.
USDCV is now live on both the Ethereum and Solana blockchains, providing institutional clients with direct on-chain access to a USD-denominated digital asset. BNY Mellon acts as the custodian for the stablecoin.
This launch builds upon the subsidiary’s earlier introduction of the euro-pegged EUR CoinVertible (EURCV) in April 2023.
The move aims to bolster liquidity for professional investors and enhance overall trust within the institutional-grade stablecoin market segment by providing regulated, bank-issued digital dollar access.