France’s Societe Generale Launches USD-Backed Stablecoin on Ethereum & Solana

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Societe Generale-Forge, the crypto division of one of France’s top three banks, has launched a new USD-pegged stablecoin called USD CoinVertible (USDCV) . The stablecoin will operate on both Ethereum and Solana blockchains, making it accessible across major decentralized ecosystems. BNY Mellon will act as the asset custodian, ensuring secure backing of the stablecoin. This move marks a major step in bridging traditional banking with the fast-growing world of digital finance.