Societe Generale-FORGE Ignites Crypto Scene with USD CoinVertible Launch

Trading Set to Kick Off in July 2025 on Ethereum and Solana

Hold onto your hats, crypto fans! Societe Generale-FORGE is about to drop its latest bombshell: the USD CoinVertible (USDCV). This sizzling new stablecoin is gearing up for a dual launch on the Ethereum and Solana blockchains, with trading set to explode in early July 2025. Get ready for the ride of your life!

SG-FORGE, the crypto powerhouse from Societe Generale Group, isn't messing around. They're all in on this new USD-backed stablecoin, and they're not afraid to show it. With Ethereum and Solana as their battlegrounds, they're ready to shake up the crypto world like never before. July 2025? Mark your calendars, folks!

This isn't SG-FORGE's first rodeo. They've already unleashed the EUR CoinVertible on Stellar, and now they're back with a vengeance. The USD CoinVertible is about to give clients the power to convert their boring old fiat into something that really moves—stablecoins that let you make lightning-fast transactions in both USD and EUR. Buckle up!

Just like its euro counterpart, the USD CoinVertible isn't hiding anything. SG-FORGE is putting it all out there, showing off the collateral composition and real-world asset backing on their website, updated daily. Transparency? You bet!

And get this—the Bank of New York Mellon Corporation is stepping up as the token's reserve custodian. Talk about heavy hitters!

Now, here's the catch: even though it's backed by USD, the USDCV isn't playing in the States. Why? It hasn't been registered under the U.S. Securities Act of 1933, so no trading for U.S. customers. But don't worry, it can still be part of "offshore transactions" if it gets the green light from U.S. financial authorities.

But for our friends in the EU? It's a whole different story. The USD CoinVertible is ready to roll, fully compliant with Europe's MiCA regulations. Plus, SG-FORGE is licensed as a stablecoin issuer under the French ACPR. EU traders, get ready to party!

Jean-Marc Stenger, the CEO of Societe Generale-FORGE, isn't holding back. "Issuing a USD-backed stablecoin was a no-brainer," he said. "The market is screaming for U.S. dollar-denominated stablecoins, and we're here to deliver an institutional-grade product that'll blow everyone away."

"This new currency is going to be a game-changer for our clients—institutions, corporates, retail investors, you name it," Stenger added. "They're going to love the benefits of an institutional-grade stablecoin."

Remember last February when SG-FORGE dropped the EUR CoinVertible on Stellar? Well, they're not slowing down. Earlier in November 2024, they announced plans to launch another stablecoin on the XRP ledger. These guys are on fire!