Societe Generale-FORGE Lists USD Stablecoin on Bullish Europe

Societe Generale-FORGE (SG-FORGE), a subsidiary of the French bank, is listing its USDCV stablecoin on the European arm of crypto exchange Bullish.
The USDCV stablecoin is dollar-denominated and was introduced on Ethereum and Solana in June. It will be listed on Bullish Europe.
USDCV and its euro counterpart, EURCV, are regulated under the Markets in Crypto-Assets regulation (MiCA).
The GENIUS Act passed by the U.S. Congress is not yet fully implemented, delaying the availability of SG Forge’s stablecoins to U.S. residents.
Jean-Marc Stenger, CEO of SG-FORGE, stated that clarity in Europe exists with MiCA, but not in the U.S., affecting their ability to move forward there.
Access to the stablecoin is currently for non-U.S. investors only, with potential expansion to U.S. once regulations are clear.
SG Forge's EURCV stablecoin has a daily turnover of approximately €40 million ($47 million).
The number of exchanges and brokers capable of minting and burning the stablecoin is increasing, with more in line to join.
SG-FORGE applies a unified KYC procedure for onboarding crypto exchanges and brokers.