Societe Generale’s SG Forge Partners with Morpho to Launch MiCA-Compliant Stablecoins

Societe Generale’s digital asset division, SG Forge, has teamed up with decentralized finance protocol Morpho to introduce regulated stablecoins EURCV and USDCV. The collaboration leverages Morpho’s infrastructure for on-chain lending and borrowing, marking a significant step in traditional banking’s embrace of blockchain technology.

EURCV and USDCV, pegged 1:1 to the euro and dollar respectively, enter a competitive stablecoin market dominated by Tether’s USDT and Circle’s USDC. With market capitalizations of $66 million and $32.2 million, these new entrants represent institutional-grade alternatives in the evolving crypto landscape.

The partnership signals growing convergence between regulated finance and DeFi, with Morpho positioning itself as the backend infrastructure for traditional institutions moving on-chain. This development follows the EU’s Markets in Crypto-Assets (MiCA) regulation framework, which establishes compliance standards for digital assets.