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, which is backed by cash and cash-equivalent reserves and issued under French electronic money regulations, will be surfaced in MetaMask on mobile and web. The token is redeemable 1:1 in dollars and will be made available for functions including trading, decentralized finance interaction and fiat on-ramping, with Transak serving as the on-ramp provider.

The move expands access to one of the few dollar stablecoins issued by a major European bank. It also comes as regulated issuers seek to turn MiCA compliance into a commercial advantage by distributing tokens across widely used crypto platforms. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout is intended to broaden access to compliant digital assets.

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