Wu learned that Soci é t é G é n é rale Forge, a cryptocurrency subsidiary of French bank Soci é t é G é n é rale, has announced the launch of a new stablecoin pegged to the US dollar. This stablecoin is called USD CoinVertible (USDCV) and will be issued on the Ethereum and Solana blockchains. British financial services company BNY will serve as the custodian of the assets behind the stablecoin.