Skip to content

Societe Generale shifts stablecoin to Ethereum and Solana, with each unit representing a dollar's worth of value.

Digital currency innovator SG-FORGE, an arm of Societe Generale, plans to launch a fresh stablecoin on the Ethereum and Solana network, with its value tied to the American dollar.

Digital asset firm SG-FORGE, owned by Societe Generale, announces partnership with Ethereum and...
Digital asset firm SG-FORGE, owned by Societe Generale, announces partnership with Ethereum and Solana blockchains to develop a stablecoin tied to the U.S. dollar.

Societe Generale shifts stablecoin to Ethereum and Solana, with each unit representing a dollar's worth of value.

🤖 Hey there, buddy! Here's a lowdown on SG-FORGE's brand-spankin' new coin, USD CoinVertible (USDCV). This bad boy's gonna be supported by both the Ethereum and Solana blockchains, with a planned launch date in early July 🗓️📈.

Remember EUR CoinVertible (EURCV) from 2023? USDCV is the cherry on top of SG-FORGE's strategy, aiming to offer a sleuth of organized stablecoin products for both institutional bigwigs and the little guys, like us 🤝. Their goal? To revolutionize crypto trading, cross-border payments, and currency transactions, whilst improving cross-chain interoperability and collateral management 🌐💸.

Now, you might have heard Anthony Scaramucci predicting, "In the future, we won't need banks for IPOs, we'll need Solana" 🌞. Well, USDCV's not far behind, as the Bank of New York Mellon steps in as the custodian for its reserves 💰. Both stablecoins abide by the European Union's MiCA regulations as 'Electronic Money Tokens' (EMT) and SG-FORGE's been given the green light by France's ACPR if you're intrigued by such things 🌐🇫🇷.

The moment you've been waiting for - exchanges, intermediaries, and payment infrastructure will make USDCV and EURCV accessible to both corporate investors and regular folks like you and me 🤝. Liquidity? Various market makers've got your back, though US users'll need to sit this one out 🏃‍♂️.

Anywho, Jean-Marc Stenger, the CEO of SG-FORGE, reckons the launch of the dollar-pegged stablecoin is just an "inevitable step" 🌐💼. He stresses the importance of a stable, regulatory-compliant, and accessible stablecoin for investors, considering the growing popularity of stablecoins in the financial markets 💸📈

Last but not least, SG-FORGE intends to carve out a niche in the corporate world, bridging the gap between traditional finance and decentralized technology 🤝💻.

Psst... Don't forget to sign up via this link and grab yourself an exclusive $600 reward from Binance! 💰💰💰💸💸💸 #B thesis paper #TSMC's N3 fab in Arizona #polar vortex #Starship explosion #A bloody battle in San Francisco #Cern #Alphabet's Quantum AI computing #Q4 earnings reports #Metaverse coins #Crypto mining outside of China #Stablecoins ousting banks #Finance smarter not harder #Lose your savings with us #Lawsuit: Facebook stealing user data #Solar plant explosion #SpaceX launches new satellites #Evidence of /r/Wallstreetbets manipulating meme stocks #Black Silicon Twitter group #Elon Musk's plans for Mars #Wakanda forever #New Applesing computers coming soon #Google's new TPU chips #Nvidia's AI advancements #AI and environmentalism #Deepfake scandals #Vaccine microchips #China's digital yuan #Bitcoin's energy usage #Ethereum updates #Solapa, Solana's alternative

In alignment with SG-FORGE's strategic expansion, USDCV, like EUR CoinVertible before it, aims to offer a diverse range of stablecoin products, bridging the gap between institutional players and individual investors, ultimately revolutionizing crypto trading and finance. As USDCV launches, it will benefit from technology advancements in the cryptocurrency industry, with Solana's blockchain providing support and the Bank of New York Mellon serving as custodian for its reserves.

Read also:

    Latest