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2h ago

Bullish Europe Lists Societe Generale‑FORGE’s USDCV, First Dollar Stablecoin Under MiCA

MiCA provides the regulatory clarity for SG‑FORGE’s bank‑custodied dollar token, unlike the still‑pending U.S. framework.

Societe generale selects bullish europe to debut its usd stablecoin
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Overview

  • USDCV becomes the first U.S. dollar–pegged stablecoin listed under Europe’s MiCA after Bullish Europe opened trading.
  • Societe Generale‑FORGE says the token is backed 1:1 by cash or high‑quality collateral with custody handled by banking partners.
  • Access is limited to non‑U.S. investors for now as SG‑FORGE awaits implementing rules despite the GENIUS Act’s passage.
  • USDCV was introduced in June on Ethereum and Solana, expanding a suite that includes the 2023 MiCA‑compliant euro token EURCV.
  • Bullish Europe, regulated by BaFin, pitches the listing to institutional clients, and an ECB advisor has noted dollar‑pegged coins make up about 99% of the global stablecoin market.