Société Générale chooses Bullish Europe to launch its US dollar stablecoin USDCV

ChainCatcher news, according to CoinDesk, Societe Generale-FORGE (SG-FORGE), the cryptocurrency subsidiary of Société Générale, has chosen Bullish's European branch as the first platform to launch its dollar-pegged stablecoin USD Coin Vertible (USDCV).

This dollar-denominated stablecoin was launched in June this year on the Ethereum and Solana networks, and like its euro stablecoin EURCV, it is regulated under the EU's Markets in Crypto-Assets (MiCA) regulation. SG Forge CEO Jean-Marc Stenger stated that although the U.S. Congress has passed the GENIUS Act, a complete regulatory framework is not yet in place, and it is expected to take several months before it can be opened to U.S. residents. Currently, this stablecoin is only available to non-U.S. investors.