SG Forge provides customers of the Societe Generale group with cryptocurrency services and positions the new USDCV stabelcoin as an instrument for investors = legal entities, which will ensure the integration of the services of traditional financial and cryptocurrency markets.
Stablecoin tied to the US dollar in a ratio of 1: 1, SG Forge is going to support the assets of the banking group. Bank of New York Mellon (BNY MELLON) will perform Kastodian.
SG Forge General Director Jean-Marc Stenger said that the launch of the dollar stablecoin was a “logical continuation of the banking group’s innovation policy after the release of the Mica Euro-Steblcoin EURCV,” and is fed by the growth of the Global Stableco-Stebalco-market.
Earlier, the French banking group Societe Generale has announced cooperation with the Bitpanda cryptocurrency exchange for listing at the EURCV stabelcoin trading platform.
Source: Bits
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