Société Générale Forge, the digital asset arm of French banking giant Société Générale, has integrated the Cryptocurrency Market Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into Metamask, giving the wallet’s millions of users access to regulated dollar tokens issued by large European banks.
In a release Wednesday, the company said that under its partnership with Consensys, USDCV will appear on MetaMask on mobile and the web and be available for features such as trading, decentralized financial interactions, and fiat on-ramp, with Transac acting as the on-ramp provider.
The merger will expand access to Europe’s few bank-issued dollar-denominated stablecoins as regulated issuers look to turn MiCA compliance into a commercial advantage. According to SG-FORGE, USDCV is fully cash-backed, redeemable on a 1:1 dollar basis and issued under the ACPR e-money license.
ConsenSys CEO Joseph Rubin said in a release that stablecoins are becoming a more important part of the digital financial infrastructure.
SG-FORGE CEO Jean-Marc Stenger said the rollout of MetaMask aims to expand access to compliant digital assets.
Cointelegraph reached out to Societe Generale Forge and ConsenSys for comment, but did not receive a response in time for publication.
SG-FORGE Euro stablecoin
SG-FORGE also issues EUR CoinVertible, a MiCA-compliant Euro stablecoin that was first launched on Ethereum in 2023. According to SG-FORGE, the token has since been expanded to Solana, XRP Ledger and Stellar as part of a multi-chain strategy, while USDCV is available on Ethereum and Solana and listed through multiple exchanges and partners.
