Euroclear, SG-FORGE Explore USD Stablecoin Settlement

According to Markets Media, Euroclear, a global financial market infrastructure provider and Societe Generale-FORGE (SG-FORGE), a leading European stablecoin issuer and the digital asset subsidiary of Societe Generale group, announced a collaboration to explore how digital cash solutions could support the issuance and settlement of short-term funding instruments in US dollars. The collaboration will assess the potential use of USD CoinVertible, a Markets in Crypto-Assets Regulation (MiCA)-compliant stablecoin issued by SG-FORGE, to settle tokenised USD-denominated Negotiable European Commercial Paper (NEU CP), a key short-term financing instrument.