SocGen brings MiCA-compliant USDCV dollar stablecoin to MetaMask

Societe Generale-FORGE said MetaMask will add its MiCA-compliant USDCV stablecoin, extending distribution for one of Europe’s bank-backed digital dollars.

Societe Generale-FORGE, the digital asset arm of French banking giant Societe Generale, has integrated its Markets in Crypto Assets Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, giving the wallet’s millions of users access to a regulated dollar token issued by a major European bank.

The company said in a release on Wednesday that under the partnership with Consensys, USDCV will be surfaced in MetaMask on mobile and web and made available for functions including trading, decentralized finance interaction and fiat on-ramping, with Transak serving as the on-ramp provider.

The integration would expand access to one of Europe’s few bank-issued dollar stablecoins at a time when regulated issuers are seeking to turn MiCA compliance into a commercial advantage. SG-FORGE says USDCV is fully backed by cash, redeemable 1:1 in dollars and issued under its ACPR electronic-money license.

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