The digital asset arm of French banking giant Societe Generale, Societe Generale-FORGE, has integrated its MiCA-compliant USDCV stablecoin into the MetaMask wallet. This integration provides millions of MetaMask users access to the regulated, bank-issued dollar token for trading and DeFi. The move expands distribution for one of Europe’s few bank-backed digital dollars as regulated issuers leverage MiCA compliance.
Societe Generale-FORGE has integrated its Markets in Crypto Assets Regulation-compliant USD CoinVertible (USDCV) stablecoin into MetaMask. The partnership with Consensys will make USDCV available in the wallet on both mobile and web platforms.
According to a company release, the stablecoin will be accessible for functions including trading, decentralized finance interaction, and fiat on-ramping. The on-ramp provider for the service will be Transak.
The integration aims to broaden access to a regulated digital dollar token issued by a major European bank. SG-FORGE states that USDCV is fully backed by cash, redeemable 1:1 in dollars, and issued under its ACPR electronic-money license.
“Stablecoins are becoming a more important part of digital financial infrastructure,” said Consensys CEO Joseph Lubin. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout was intended to broaden access to compliant digital assets.
SG-FORGE also issues a MiCA-compliant euro stablecoin called EUR CoinVertible. That token was first launched on Ethereum in 2023 and has since expanded to other networks including Solana.
The euro stablecoin is part of a multichain strategy that also includes the XRP Ledger and Stellar. USDCV is currently available on Ethereum and Solana and is listed through several exchanges and partners.
