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Tari is a Rust-based blockchain protocol centered around digital assets.
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Post original content on Gate Square related to WXTM or its
New crypto move from Societe Generale
The French banking giant Societe Generale, which manages assets worth more than 1.5 trillion dollars, has launched a new stablecoin through its crypto subsidiary Forge. According to the announcement made today; the dollar-indexed stablecoin named USD CoinVertible (USDCV) will operate on the Ethereum and Solana networks.
The storage function of the new stablecoin will be undertaken by the US-based giant bank BNY Mellon. It is worth recalling that in April 2023, Societe Generale launched its euro-based stablecoin, EUR CoinVertible, (EURCV).
Jean-Marc Stenger, CEO of Societe Generale-Forge, stated in a related announcement, "It was clear that after our MiCA-compliant euro stablecoin, the next step would be a dollar stablecoin. Stablecoins are recording significant growth."
It will also be listed on exchanges
It was noted that this stablecoin, which will be used in many areas such as 24/7 money conversion, real-time transactions in dollars and euros, cross-border payments, on-chain transactions and cash management, will also be listed on many exchanges.
However, due to regulations, both stablecoins will be closed to use by US citizens.
Societe Generale-Forge has previously made significant crypto moves such as decentralized finance and blockchain-based bond issuance.
Published: June 10, 2025 10:51 Last Updated: June 10, 2025 10:56