USDCV is backed by cash and cash-equivalent reserves, issued under French electronic money regulations, and redeemable at a 1:1 rate in dollars.
Crypto News
Societe Generale-FORGE, the digital asset arm of French bank Societe Generale, has integrated its dollar stablecoin USD CoinVertible (USDCV) into MetaMask, giving the wallet's users access to a regulated dollar token issued by a major European bank. The token is compliant with the European Union's Markets in Crypto Assets Regulation.
The integration was announced Wednesday through a partnership with Consensys, the company behind MetaMask. USDCV is backed by cash and cash-equivalent reserves, issued under French electronic money regulations, and redeemable at a 1:1 rate in dollars.
The token will be available in MetaMask on both mobile and web, and can be used for trading, DeFi interaction, and fiat on-ramping. Transak is serving as the fiat on-ramp provider for the integration.
Consensys CEO Joseph Lubin said stablecoins are becoming a more important part of digital financial infrastructure. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout was intended to broaden access to compliant digital assets.
The move comes as a small pool of approved stablecoin issuers compete for market share under MiCA, with around 10 entities authorized so far across the EU. Integrations with widely used wallets like MetaMask are increasingly important for issuers looking to convert regulatory compliance into commercial reach.
SG-FORGE also issues EUR CoinVertible, a MiCA-compliant euro stablecoin first launched on ETH in 2023. That token has since expanded to Solana, the XRP Ledger, and Stellar as part of a multichain strategy, while USDCV is available on Ethereum and Solana and listed through several exchanges and partners.
The euro token has previously been used in experiments involving tokenized bonds and blockchain-based settlement, part of broader efforts by SG-FORGE to test tokenized financial infrastructure across multiple networks.
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