Societe Generale-FORGE, the digital assets 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 appear in MetaMask on mobile and web and will be made available for features such as trading, decentralized financial interaction and fiat on-ramping, with Transak serving as the on-ramp provider.
The integration would increase access to one of the few bank-issued dollar stable coins in Europe, at a time when regulated issuers are looking to turn MiCA compliance into a commercial advantage. SG-FORGE says USDCV is fully cash-backed, redeemable 1:1 in dollars, and issued under the ACPR e-money license.
Consensys CEO Joseph Lubin said in the release that stablecoins are becoming an increasingly important part of the digital financial infrastructure.
SG-FORGE CEO Jean-Marc Stenger said the rollout of MetaMask was aimed at broadening access to compatible digital assets.
Cointelegraph contacted Societe Generale-FORGE and Consensys for comment but had not received a response by publication.
The stable euro coins from SG-FORGE
SG-FORGE also issues EUR CoinVertible, a MiCA-compliant euro stablecoin that first launched on Ethereum in 2023. The token has since expanded as part of a multichain strategy to Solana, the