Key Takeaways:
Societe Generale-FORGE is launching a USD-backed stablecoin on both Ethereum and Solana blockchains next month.
BNY Mellon, the reserve custodian, enables daily transparency and full MiCA regulatory compliance
The new USD CoinVertible stablecoin is intended for institutional business as a stable and secure ancillary asset, including cross-border payments, FX, and on-chain settlements.
Societe Generale-FORGE, the digital asset entity of one of Europe’s largest banking groups, is on the scene. For the first time, a traditional bank prepares a USD-backed stablecoin for launch on Ethereum and Solana. It does so in collaboration with BNY Mellon. The most thrilling news is that the USD CoinVertible stablecoin will go live next month.
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