Societe Generale to launch dollar-pegged stablecoin
The cryptocurrency, called "USD CoinVertible", will exist on the Ethereum and Solana blockchains and is expected to be publicly tradable from July, SG-FORGE said in a statement on Tuesday.
(Reporting by Elizabeth Howcroft; Editing by Tommy Reggiori Wilkes)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
10 minutes ago
- New Straits Times
King's state visit to Russia underscores deepening bilateral ties
MOSCOW: The state visit by His Majesty Sultan Ibrahim, the King of Malaysia, to Russia from Aug 5-10 has been described as the highlight of the diplomatic ties between the two countries, said Malaysia's ambassador to Russia, Datuk Cheong Loon Lai. He said the visit is the highest-level ever made and the first by a Malaysian Head of State to Russia since diplomatic relations were established in April 1967. "His Majesty's state visit, at the invitation of Russian President Vladimir V. Putin, is a recognition of the five decades of diplomatic ties with Malaysia, which was among the earliest Asean countries to establish ties with the then Soviet Union. "This visit also reflects the crucial role of the institution of the Yang di-Pertuan Agong in the context of international relations," he told Bernama here today in conjunction with Sultan Ibrahim's state visit. Cheong said the visit will begin in Moscow, where His Majesty is scheduled to hold an official meeting with Putin at the Grand Kremlin Palace. Both leaders are expected to discuss potential cooperation in the fields of trade and investment, higher education, technology and innovation, people-to-people ties, digital transformation, agriculture and food security, as well as regional and international issues. "This highest-level visit will certainly have a high impact in increasing the momentum and positive trend of bilateral relations between Malaysia and Russia. "It sends the message that Malaysia is serious and committed to efforts to strengthen and improve bilateral relations with Russia in all fields, particularly strategic cooperation and people-to-people ties," he said. Cheong said Malaysia has always valued its relationship with Russia, which is built on a pragmatic approach, openness and mutual respect. He said the Russian government welcomes His Majesty's state visit and has extended its full cooperation and support to ensure its success. Sultan Ibrahim is scheduled to arrive in Moscow on Tuesday and will be accorded a state welcome ceremony at the Kremlin on Wednesday, before holding an official meeting with Putin and attending a state banquet hosted by the Russian President. His Majesty is also scheduled to visit the Russian Automotive Technology Development Company (NAMI), as well as the Tochka Kipeniya Technology and Innovation Hub. On Friday, Sultan Ibrahim will travel to Kazan, the fifth largest city in Russia, for an audience with the Rais (Head) of the Republic of Tatarstan, Rustam Minnikhanov, at the Kazan Kremlin. Both parties are expected to discuss potential collaboration in the trade, investment, halal industry sectors and agricultural technology. His Majesty is also scheduled to attend a reception ceremony hosted by Minnikhanov and visit the Kazan Helicopter Plant to observe the manufacturing operations of civilian, defence and rescue helicopters. Russia is currently Malaysia's ninth-largest trading partner among European countries and 28th globally, with bilateral trade valued at RM11.46 billion (USD2.48 billion) in 2024. For the period January to June 2025, Malaysia-Russia trade volume was recorded at RM4.13 billion (USD945.7 million).
Malay Mail
40 minutes ago
- Malay Mail
Sources: Opec+ agrees to 548,000 bpd oil hike for September amid supply concerns
LONDON, Aug 3 — Eight Opec+ countries meeting today have agreed to raise oil output in September by 548,000 barrels per day, three Opec+ sources said while the meeting was under way. The group will hold its next meeting on September 7, one of the sources said. — Reuters
The Sun
an hour ago
- The Sun
French buyers to participate in flagship event at Mihas 2025 in September
PETALING JAYA: Malaysia is set to welcome global halal industry leaders to the 21st edition of the Malaysia International Halal Showcase (Mihas 2025), which will take place from Sept 17 to 20 at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur. Hosted by the Ministry of Investment, Trade and Industry (Miti) and organised by Malaysia External Trade Development Corporation (Matrade), Mihas continues to serve as the world's largest halal trade exhibition – bringing together buyers, sellers and industry leaders from more than 90 countries. This year, five French buyers from the modest fashion and food and beverage sectors are confirmed to participate in Mihas's flagship International Sourcing Programme. Malaysia's ambassador to France, Eldeen Husaini Mohd Hashim, said Mihas is more than a trade event – it is a global platform for innovation, sustainability and quality. 'Halal is increasingly recognised worldwide as a value-based certification that ensures safety, cleanliness and integrity. It is not just for Muslims – it represents a trusted system of quality control, traceability and ethical assurance for all consumers. I am delighted to see significant French participation this year, as Malaysia continues to build bridges across Halal economies and open new avenues for global partnerships,' he added. In line with current market trends, Mihas also showcases products that emphasise organic, vegan and sustainable practices, broadening its appeal to the conscious consumer segment worldwide According to the Halal Industry Master Plan, demand for halal products is estimated at over US$3 trillion (RM12.8 trillion) and is projected to reach US$5 trillion by 2030. 'Beyond Malaysia, Mihas is a strategic gateway to the wider Asean market of over 680 million people,' said Sebastien Chan Yik Sing, the newly appointed economic counsellor at the Malaysian embassy in Paris. 'French buyers can leverage Mihas not only to source quality halal products, but also to connect with the fast-growing Asean market through Malaysia's trusted and well-established halal ecosystem.' In 2024, Mihas recorded RM4.3 billion in sales and welcomed over 43,000 visitors. The upcoming 21st edition, themed 'Pinnacle of Halal Excellence', aims to surpass these milestones with a sales target of RM4.5 billion, featuring cutting-edge artificial intelligence tools via the Madani Digital Trade Platform to enhance real-time sourcing, matchmaking and trade connections.
