Societe Generale plans to become the first major bank to issue a publicly tradable, dollar-backed stablecoin named "USD CoinVertible". The stablecoin will be launched on the Ethereum and Solana blockchains, with public trading anticipated to begin in July through its digital asset subsidiary SG-FORGE.

The article discusses Type III stablecoins, focusing on their unique characteristics and implications within the cryptocurrency ecosystem. It analyzes the potential benefits and challenges these stablecoins present in terms of stability, regulatory compliance, and market adoption. The piece aims to provide insights into how Type III stablecoins could influence the future of digital currencies.

Societe Generale has announced plans to introduce a publicly tradable, dollar-backed stablecoin called "USD CoinVertible," making it the first major bank to enter the dollar-pegged cryptocurrency market. The stablecoin will be issued on Ethereum and Solana blockchains, with trading expected to commence in July through its digital asset subsidiary, SG-FORGE.