- Societe Generale has launched its USDCV stablecoin on Solana and Ethereum; buying and selling to start out in July.
- SOL price holds regular as institutional adoption positive factors traction.
- Solana ETF determination and upgrades may increase long-term worth.
Solana’s native token, SOL, continues to attract the eye of institutional and retail traders alike, as the blockchain’s real-world adoption positive factors a robust increase from one in every of Europe’s largest banks.
This renewed consideration comes amid news that Societe Generale’s digital asset subsidiary, SG-FORGE, will launch a brand new US dollar-pegged stablecoin, USD CoinVertible (USDCV), on each the Ethereum and Solana blockchains.
Societe Generale will launch a dollar-backed stablecoin known as “USD CoinVertible” by way of its crypto unit SG-FORGE, changing into the primary main European financial institution to take action.
It will probably be accessible on Ethereum and Solana, with public buying and selling anticipated in July. pic.twitter.com/Kws4xmuf1T
— Satoshi Club (@esatoshiclub) June 10, 2025
While the announcement underscores a broader institutional pivot towards blockchain-backed finance, it additionally injects new momentum into Solana’s market narrative, reinforcing its position as a critical contender to Ethereum’s dominance.
Societe Generale’s stablecoin provides credibility to Solana
The issuance of USDCV marks the primary time a serious conventional banking establishment has deployed a USD-backed stablecoin on public blockchains, signalling a historic second for digital finance.
Unlike many stablecoins that function from crypto-native origins, USDCV advantages from the backing of a globally recognised financial institution and custodial oversight by BNY Mellon, one of many world’s largest asset custodians.
This transfer not solely reinforces Solana’s legitimacy amongst regulators and establishments but additionally gives a robust use case for stablecoins inside compliant, real-world frameworks.
Although USDCV will not be accessible to US residents, its meant viewers spans world institutional and retail shoppers, a transparent indication that Solana is evolving into an infrastructure layer for regulated finance.
SOL price holds agency amid bullish developments
Following the announcement, SOL’s market behaviour has remained comparatively secure, buying and selling in a slender vary between $155 and $162, suggesting traders are cautiously optimistic.
Currently priced at round $157.74, SOL has posted a 1.8% acquire over the previous 24 hours, with a circulating market cap exceeding $83 billion and a buying and selling quantity of greater than $4.5 billion.
Although short-term price fluctuations are nonetheless influenced by broader macroeconomic situations, Solana’s technical basis and rising real-world utility proceed to present it a novel place within the digital asset house.
The community’s excessive throughput and low charges, powered by its Proof-of-History consensus mannequin, stay robust differentiators that entice builders and establishments alike.
Upcoming Solana ETF determination and upgrades gas long-term confidence
As traders monitor the SEC’s upcoming determination on the staking-enabled Canary Marinade Solana ETF, due July 24, broader confidence in Solana’s institutional adoption is gaining steam.
This ETF, if accredited, can be the primary within the U.S. to supply staking rewards by way of Marinade Select, setting a precedent for yield-generating crypto funds and providing one other layer of worth to SOL holders.
Moreover, Solana’s community upgrades, together with the Firedancer validator shopper and expanded block house capability, purpose to spice up scalability and reliability, addressing previous issues about outages.
Partnerships with main corporations like Shopify and Visa additional spotlight Solana’s potential in funds and world commerce, making it a extra interesting long-term funding possibility.
In parallel with monetary use instances, Solana can also be getting used for groundbreaking tokenisation efforts within the public sector, with the Central African Republic getting ready to promote tokenised land by way of its CAR token.
This initiative leverages Solana’s infrastructure to allow world traders to buy subdivided, development-ready land whereas laying the groundwork for broader useful resource tokenisation.
Solana price outlook stays cautiously optimistic
With the Societe Generale USDCV anticipated to start buying and selling in early July and the Solana ETFs determination looming, market sentiment round SOL cryptocurrency might shift sharply if these developments progress at once.
While volatility stays a staple of the crypto markets, the fusion of regulatory compliance, institutional adoption, and public sector innovation positions Solana as a blockchain to look at within the second half of 2025.
In the meantime, eyes are on whether or not Solana (SOL) can regain the resistance at $175, which relies upon on whether or not it may preserve above $150, awaiting the USDCV buying and selling to kick off and the ETFs greenlight.
