Societe Generale Introduces USD-Backed Stablecoin on Ethereum and Solana for Institutional Clients

  • In a major move toward digital asset adoption in traditional finance, France-based banking giant Societe Generale has launched a new stablecoin pegged to the US dollar. Dubbed USD CoinVertible (USDCV), the stablecoin is aimed exclusively at institutional clients and will operate on both the Ethereum and Solana blockchains.