usdcv

ChainCatcher news, Societe Generale's digital asset subsidiary SG-FORGE has introduced its euro and dollar stablecoins into DeFi, allowing users to engage in lending and spot trading.This move deploys the bank's EURCV and USD CoinVertible (USDCV) on the Ethereum-based Morpho and Uniswap protocols, expanding SG-FORGE's efforts to distribute its stablecoins through centralized exchanges and brokers. By entering DeFi, SG-FORGE enables clients to trade assets pegged to major currencies around the clock, while relying on smart contracts to handle transaction mechanisms. On the Morpho platform, users can now borrow EURCV and USDCV using cryptocurrencies (such as BTC, ETH) as well as money market token funds regulated by the French Financial Markets Authority (such as USTBL, EUTBL, which invest in U.S. Treasury bonds and Eurozone government bonds) as collateral.Asset management company MEV Capital will be responsible for managing these vaults, setting qualified collateral rules, and handling defaults when necessary. SG-FORGE stated that more types of collateral will be introduced in the future. Additionally, the listing on Uniswap will create a spot market for the bank-issued stablecoins. Market maker Flowdesk will provide liquidity, assisting traders in exchanging EURCV and USDCV without relying on traditional intermediaries.

ChainCatcher news, according to CoinDesk, Societe Generale-FORGE (SG-FORGE), the cryptocurrency subsidiary of Société Générale, has chosen Bullish's European branch as the first platform to launch its dollar-pegged stablecoin USD Coin Vertible (USDCV).This dollar-denominated stablecoin was launched in June this year on the Ethereum and Solana networks, and like its euro stablecoin EURCV, it is regulated under the EU's Markets in Crypto-Assets (MiCA) regulation. SG Forge CEO Jean-Marc Stenger stated that although the U.S. Congress has passed the GENIUS Act, a complete regulatory framework is not yet in place, and it is expected to take several months before it can be opened to U.S. residents. Currently, this stablecoin is only available to non-U.S. investors.

ChainCatcher news, according to Cointelegraph, Société Générale-Forge, the crypto subsidiary of Société Générale, announced the launch of a new stablecoin pegged to the US dollar.According to the announcement released on June 10, this stablecoin is named USD CoinVertible (USDCV) and will be issued on the Ethereum and Solana blockchains. The UK financial services company BNY will act as the custodian of the assets backing this stablecoin.This release follows the company's launch of the euro-pegged stablecoin EUR CoinVertible (EURCV) in April 2023, which was issued to institutional clients at that time.

ChainCatcher message, according to Scam Sniffer monitoring, 30 minutes ago, a user fell victim to phishing, resulting in a loss of cUSDCv3 worth 1.82 million dollars.

ChainCatcher message, the Compound governance page shows that Gauntlet has initiated proposal 291, proposing adjustments to the risk parameters of Compound v2, cUSDCv3, and cUSDTv3 on the Ethereum mainnet. Voting will open in approximately 13 hours.

ChainCatcher message, the official governance page shows that the Compound community voted to approve proposal 233 to initialize the Compound III USDC market on Scroll. This proposal will be executed in 3 days, and after execution, cUSDCv3 will be available for use.