Societe Generale-FORGE (SG-FORGE) Launches USD CoinVertible (USDCV) on Ethereum and Solana

The announcement came in a press release, where SG-FORGE explained that:

Societe Generale-FORGE (SG-FORGE), the digital-asset entity linked to the French Societe Generale, is planning to launch USD CoinVertible (USDCV) on Ethereum and Solana.

The announcement was made in a press release, where SG-FORGE explained that:

SG-FORGE will propose to its clients instant 24/7 conversion between fiat currencies and stablecoin, enabling immediate, around-the-clock transactions in both USD and EUR.

—Societe Generale-FORGE, Press Release

The new USDCV will come approximately two years after the release of EUR CoinVertible (EURCV) in April 2023, the first institutional stablecoin, designed to ‘bridge the gap between traditional capital markets and the digital assets ecosystem.’

Both USDCV and EURCV will be available on exchanges to brokers, payment processors, retail clients, and institutional investors.

This announcement comes in a context where Solana is already experiencing increased market trust, and the charts are showing it.

$SOL Is Up in Charts as Solana ETFs Are Four Months Away for SEC’s Approval

$SOL is currently up by 6% over the past week and 4.80% in the past 24 hours, which shows a steady increase, rather than a passing chart bleep.

A welcome change after a sketchy start of the month, we think.

One of the main reasons why Solana is outdoing itself is the new Solana ETFs on the horizon.

The SEC has requested the issuers to update their S-1 fillings, which pushed back any decision by at least two to four months.

This makes a favorable SEC ruling more likely, according to Bloomberg analyst James Seyffart, who stated that:

Delays on spot crypto ETFs are expected. A bunch of XRP ETPs have dates in the next few days.

If we’re gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest.’

—James Seyffart, X Post

Seyffart’s previous predictions still stand, as he gave Solana’s ETFs a 90% approval chance in 2025.

The SEC’s response explains $SOL’s surge in the charts and shows that Solana is on its way to greener pastures. Especially with the new Layer 2 upgrade coming in the form of Solaxy ($SOLX), which aims to upgrade Solana’s ecosystem in 2025 and beyond.

Solaxy ($SOLX) – Solana’s Layer 2 Upgrade Brings Faster and Cheaper Transactions

Solaxy ($SOLX) is Solana’s first-ever Layer 2 upgrade that promises to fix Solana’s core issue: network congestion, which is currently responsible for a variety of blockchain-related problems.

This includes slow and even failed transactions, which ultimately translate into higher chain fees.

Solaxy achieves this thanks to its off-chain execution, allowing for near-instant finality, while its parallel transaction processing ensures ultra-low latency. These are critical improvements, designed to improve the user’s experience during high-traffic hours.

Based on the project’s utility and roadmap, our analysts predict that $SOLX may reach $0.032 by the end of 2025. Given the token’s current price of $0.001752, we’re looking at a potential ROI of 1,726% if the token performs well.

$SOLX’s presale is set to end in little over five days, so the window of opportunity to buy the token at its current presale price ($0.001752) is closing fast.

This makes Solaxy one of the cheapest crypto to buy in 2025, especially considering that it has already managed to raise over $47M so far.

You can buy your $SOLX today if you want to invest in the project early, which should improve your profits over the long term.

Is Solana in a Bullish Cycle?

Based on Solana’s latest chart performance and the SEC’s upcoming (hopefully) green light, we think Solana may be in a bull cycle.

Based on the current context and Solaxy’s explicit utility within Solana’s ecosystem, $SOLX may see a massive post-launch pump. This means that, with five days left to the presale, you either buy now or go home.

Remember, this isn’t financial advice. Do your own research (DYOR), keep your FOMO in check, and invest wisely.