Societe Generale unit adds MiCA-compliant stablecoin to MetaMask
QUICK TAKE: - Societe Generale-FORGE announced a partnership with Consensys to integrate its MiCA-compliant USD CoinVertible (USDCV) stablecoin into MetaMask. - MetaMask users will be able to use USD CoinVertible for fiat on- and off-ramping, crypto trading, DeFi protocol access and gas fee payments via the Gas Station feature, according to a statement.
Societe Generale-FORGE, the digital asset subsidiary of France's third-largest bank by assets, entered a partnership with Consensys to integrate its USD CoinVertible (USDCV) stablecoin into the MetaMask wallet.
The collaboration will place USD CoinVertible among a shortlist of supported stablecoins inside MetaMask across its mobile application and web interface to support onchain transactions and decentralized application interactions, SG-FORGE said in a statement on Wednesday.
The integration is expected to enable users to execute fiat on- and off-ramping, trade digital assets, and interact with DeFi protocols using the USDCV. The stablecoin will also be compatible with MetaMask's Gas Station feature, allowing users to settle blockchain transaction fees directly in the asset.
"By introducing our stablecoin into one of the world's most widely used Web3 wallets, we're helping accelerate the emergence of an interoperable financial system, combining the advantages of blockchain technology with the security and compliance of a European issued asset, supported by a major bank," SG FORGE CEO Jean-Marc Stenger said in the statement.
USD CoinVertible is one of two stablecoins issued by SG FORGE. The firm announced its dollar-pegged cryptocurrency in June 2025, making Societe Generale the first global bank to launch a USD stablecoin.
The other, EUR CoinVertible (EURCV), launched in April 2023 as a euro-pegged stablecoin. As of April 15, USD CoinVertible had 26.3 million tokens in circulation, per SG FORGE's website. EURCV had 105.9 million euros in circulation.
The euro-denominated stablecoin has also been used in DeFi integrations. In February, the team behind the Safe multisignature wallet introduced a Morpho vault allowing users to earn yield using EUR CoinVertible, with institutional DeFi advisory firm Steakhouse overseeing vault curation and risk parameters.
