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ARTICLE · 19 JUNE 2025

Weekly Blockchain Blog – June 16, 2025

BakerHostetler
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The crypto assets division of a major French multinational bank and financial services company (Bank) recently announced the launch of its U.S. dollar-pegged stablecoin...

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
Keith R. Murphy
Keith R. Murphy
John Robertson
John Robertson
Jonathan Cardenas
Jonathan Cardenas
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In this issue:

French Bank Launches USD Stablecoin, US Fintech Expands Stablecoin Reach

By Jonathan Cardenas

The crypto assets division of a major French multinational bank and financial services company (Bank) recently announced the launch of its U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), on the Ethereum and Solana blockchains. USDCV is the second stablecoin issued by the Bank, which launched its first stablecoin, the Euro-pegged EUR CoinVertible (EURCV), in April 2023. According to the Bank, both USDCV and EURCV are considered "electronic money tokens" under the European Markets in

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