Société Générale to Deploy EURCV and USDCV Stablecoins on Canton Network

Société Générale has announced that its digital asset arm, Société Générale-FORGE, will launch its euro and dollar stablecoins, EURCV and USDCV, on the Canton Network.

The rollout is intended to broaden the use of tokenized financial infrastructure. Within the network, the bank plans to support functions such as collateral management and short-term financing linked to digital assets, along with related processes including margin handling and risk management.

Building on this, SG-FORGE said the stablecoins will also be used for settlement, cash management, and financing activities, but only in approved jurisdictions. Access will be restricted to eligible non-U.S. participants, and the tokens are not registered under U.S. securities regulations.

In addition to deploying the stablecoins, Société Générale will participate in the network as both a strategic partner and a validator.

Source: Canton News