So, Societe Generale, these guys, they come up with this USD CoinVertible (USDCV). Another stablecoin. Great. Just what we needed. Pegged to the dollar, they say. For institutions. Not for you, buddy. And it’s MiCA compliant. MiCA! What is that, some kind of furniture store? 🙄
Ethereum and Solana, huh? Trading in July 2025? That’s like, a year away! What am I supposed to do until then? And The Bank of New York Mellon is holding the reserves? You trust those guys? I don’t know… 🤔
New Institutional Stablecoin Prioritizes Regulatory Compliance. Oh, please!
Societe Generale-FORGE, the “regulated arm” – sounds like a disease – of Societe Generale, announces this USDCV thing. Only for institutions, of course. And definitely not for Americans. Because, you know, we’re too irresponsible or something. 😠
Fast settlement and enhanced interoperability? What does that even MEAN? It’s just moving money around, people! How hard can it be? 🤦♂️
Rising demand for regulated digital assets? Who’s demanding this? I didn’t demand it. And it’s pegged to the dollar. Big deal. My coffee is pegged to the dollar too. ☕
“After the release of a MiCA-compliant EUR stablecoin (EURCV), the launch of a US Dollar version (USDCV) was the obvious next step…” Oh, OBVIOUS, is it? Well, maybe not so obvious to the rest of us, Jean-Marc Stenger, Mr. CEO guy. “Market adoption of stablecoins is growing exponentially.” Exponentially? Really? Sounds like a rash. 🤢
Strict supervision and transparency? Yeah, right. I’ll believe it when I see it. Show me the money! 💰
Daily public updates? Collateral disclosure page? Who has time for this? I’m trying to watch my stories here! 📺
The Bank of New York Mellon adds “another degree of security.” Another degree? Like a slightly warmer cup of coffee? 🤷♂️
EUR CoinVertible, Europe‘s first institutional stablecoin. First! So what? They’re all the same, these stablecoins. Just a bunch of hooey. 💩
The Treasury Department thinks the stablecoin market will be $2 trillion by 2028? Two trillion! That’s a lot of lattes. And JPMorgan Chase and the gang are talking about launching a stablecoin together? That’ll be a committee nightmare. 🤯
Meanwhile, stablecoins are gaining traction in Asia. So? Let them have it. I’m sticking with cash. 💵
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2025-06-10 15:24