As reported by BitJie, French bank Société Générale has launched USD CoinVertible (USDCV), a dollar-backed stablecoin on the Bullish platform, in compliance with the EU’s MiCA framework. The stablecoin, co-custodied with Bank of New York Mellon, joins the bank’s existing euro-backed EUR CoinVertible, both of which are MiCA-compliant and eligible for circulation across the EU. The move reflects Europe’s growing push in the stablecoin space, with recent launches including EURAU and Paxos Global Dollar. However, European policymakers have raised concerns about the potential risks of dollar-denominated stablecoins issued outside the eurozone.
Société Générale Expands Digital Asset Offerings Under MiCA Framework
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