Bullish Europe Teams Up with Banking Giant Societe Generale-FORGE to Launch Game-Changing Regulated USDCV Stablecoin

Traditional finance meets crypto innovation as Bullish Europe partners with French banking powerhouse Societe Generale-FORGE to roll out a fully regulated stablecoin.

Breaking the Banking Mold

The collaboration marks a seismic shift in European digital asset adoption. Instead of fighting crypto, established financial institutions are now embracing blockchain technology—though they'll probably still charge you a transaction fee for the privilege.

Regulatory First Mover

USDCV represents one of the first major stablecoins to operate within Europe's strict regulatory framework. The move signals that serious institutional players are finally treating digital assets as legitimate financial instruments rather than speculative toys.

Market Implications

This partnership could trigger a domino effect across European finance. Other banking giants will likely scramble to launch their own regulated digital assets—better late than never for an industry that still uses fax machines.

The partnership demonstrates that when traditional finance stops fighting innovation and starts leveraging it, everyone wins. Except maybe the legacy payment processors about to be rendered obsolete.

Societe Generale-FORGE stablecoin expansion

The launch of USDCV expands Societe Generale-FORGE’s growing stablecoin offering, which already includes euro-pegged EUR CoinVertible (EURCV) launched in April 2023.

EURCV has a circulating supply of approximately 42 million tokens, with a market cap approximately $66.35 million, which positions it as the third largest euro-backed stablecoin, after EURC (EURC) and STASIS EURO (EURS), according to CoinMarketCap.

“After the release of a MiCA-compliant EUR stablecoin (EURCV), the launch of a US Dollar version (USDCV) was the obvious next step for Societe Generale–FORGE as market adoption of stablecoins is growing exponentially,” said Jean-Marc Stenger, Chief Executive Officer of Societe Generale.

The launch of USDCV comes at a time when dollar-denominated stablecoins are rapidly dominating the European market, raising strategic and regulatory concerns. ECB advisor Jürgen Schaaf has noted that U.S. dollar–pegged stablecoins account for 99% of the global stablecoin market, while euro-denominated alternatives remain minimal.