Societe Generale Launches USD CoinVertible on Bullish Europe
- Societe Generale-FORGE (SG-FORGE) will list its USD CoinVertible (USDCV) stablecoin on Bullish Europe.
- The USDCV stablecoin was introduced on Ethereum and Solana in June.
- USDCV is regulated under the Markets in Crypto-Assets regulation (MiCA), unlike its U.S. counterpart.
- SG Forge’s EURCV euro stablecoin has a daily turnover of approximately €40 million ($47 million).
- Currently, access to SG Forge’s stablecoins is restricted for U.S. residents due to regulatory uncertainties.
The listing of USDCV on Bullish Europe highlights SG-FORGE’s leadership in the stablecoin sector among major banks, particularly with the clarity provided by MiCA regulations in Europe.
With a daily turnover of around €40 million for EURCV, SG Forge continues to expand its offerings while navigating regulatory challenges in the U.S.(Source)
