Societe Generale's MiCA-сompliant stablecoin lists on Bullish EU
Societe Generale-FORGE selected Bullish Europe as the first exchange to list its USD CoinVertible (USDCV) token, bringing the regulated dollar-backed token to more European users under MiCA compliance.
USDCV, Societe Generale-FORGE's dollar-denominated token introduced in June on Ethereum and Solana, will now be tradable on Bullish Europe. SG-FORGE is also expanding the number of brokers and exchanges able to mint and burn the token.
SG-FORGE, the crypto division of French bank Societe Generale, launched USDCV earlier this year with Bank of New York Mellon as reserve custodian. The token operates under the European Union's Markets in Crypto-Assets regulation. It is not available to U.S. residents pending regulatory clarity.
Bullish Europe becomes the first crypto exchange to list USDCV, which SG-FORGE says will enhance accessibility for institutional, corporate, and retail customers in jurisdictions where MiCA provides regulatory certainty.
SG-FORGE, the crypto division of French bank Societe Generale, launched USDCV earlier this year with Bank of New York Mellon as reserve custodian. The token operates under the European Union's Markets in Crypto-Assets regulation. It is not available to U.S. residents pending regulatory clarity.
Bullish Europe becomes the first crypto exchange to list USDCV, which SG-FORGE says will enhance accessibility for institutional, corporate, and retail customers in jurisdictions where MiCA provides regulatory certainty.
Jean-Marc Stenger, CEO of SG-FORGE, noted that 10 to 15 other exchanges and brokers are currently queued to be onboarded for direct minting or burning of USDCV. The company follows uniform KYC/AML procedures when onboarding exchanges and brokers.
SG-FORGE's euro-linked counterpart EURCV, launched in 2023, records about €40 million in daily turnover. Both tokens require formal onboarding and compliance with KYC policies for listing and minting operations.
Societe Generale-FORGE first entered the space with EUR CoinVertible in 2023. USDCV was unveiled in June 2025 to serve use cases including crypto trading, cross-border payments, foreign exchange operations, and as collateral or cash management tools.
MiCA establishes a legal framework for digital tokens in the EU, giving SG-FORGE products regulatory legitimacy in European markets. U.S. policy lags behind, with full implementation and regulatory clarity for bank-issued tokens still in progress despite passage of the GENIUS Act.
The listing expands access to regulated dollar-pegged tokens for European institutions and retail customers seeking MiCA-compliant digital assets for payments and trading.
SG-FORGE's euro-linked counterpart EURCV, launched in 2023, records about €40 million in daily turnover. Both tokens require formal onboarding and compliance with KYC policies for listing and minting operations.
Societe Generale-FORGE first entered the space with EUR CoinVertible in 2023. USDCV was unveiled in June 2025 to serve use cases including crypto trading, cross-border payments, foreign exchange operations, and as collateral or cash management tools.
MiCA establishes a legal framework for digital tokens in the EU, giving SG-FORGE products regulatory legitimacy in European markets. U.S. policy lags behind, with full implementation and regulatory clarity for bank-issued tokens still in progress despite passage of the GENIUS Act.
The listing expands access to regulated dollar-pegged tokens for European institutions and retail customers seeking MiCA-compliant digital assets for payments and trading.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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