A 160-year-old bank just printed its own on-chain dollar.💶

💸 Societe Generale’s crypto arm, SG-FORGE, has unveiled “USD CoinVertible,” the first US-dollar stablecoin issued by a major European lender.

⛓️ It will live on Ethereum and Solana for public trading in July, and hold reserves with BNY Mellon.

👆 A bank-grade alternative could give corporates and asset managers a compliance-friendly rail for 24/7 dollars.

🏛️ With a G-SIB (Global Systemically Important Bank) now minting its own dollar token, the line between “bank money” and “crypto money” just blurred.

Curious how a bank-backed stablecoin could streamline your trading or treasury ops? 🤔 Let’s talk. https://t.co/T9UGhf6jjM