Cryptocurrency Live News & Updates : Coinbase Alerts on Potential Crypto Liquidations
14 Jun 2025 | 03:05:14 AM IST
Societe Generale plans to introduce a publicly tradable, dollar-backed stablecoin called 'USD CoinVertible', marking its entry into the dollar-pegged cryptocurrency market. In a significant move, Societe Generale has announced the launch of 'USD CoinVertible', a dollar-pegged stablecoin, making it the first major bank to venture into this growing sector. The stablecoin will be tradable on Ethereum and Solana, with trading expected to commence in July. This development comes amidst a backdrop of increasing demand for regulated stablecoins, as highlighted by CEO Jean-Marc Stenger. Meanwhile, Ripple and the SEC have reached an agreement to release $125 million held in escrow, marking a pivotal moment in U.S. cryptocurrency regulation. The resolution of Ripple's long-standing litigation with the SEC could set a precedent for future regulatory frameworks. In the broader market, geopolitical tensions have impacted cryptocurrencies, with AVAX experiencing a notable decline of 9.75% due to fears stemming from the Israel-Iran conflict. As investors react to rising oil prices and inflation concerns, the market is seeing a shift towards safer assets. Additionally, Bow Miner is attracting attention with its cloud mining platform, offering substantial passive income opportunities for investors, further diversifying the cryptocurrency landscape. Show more
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