Societe Generale's USDCV Just Showed Up to DeFi Wearing a Suit and It's Kind of Working

Societe Generale-FORGE has integrated its MiCA-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, extending distribution for one of Europe's bank-backed digital dollars. Because nothing says "we understand crypto" quite like your uncle's old bank suddenly supporting a wallet extension.

The digital asset arm of the French banking giant Societe Generale said the partnership with Consensys will surface USDCV in MetaMask on mobile and web. Users can trade, interact with DeFi protocols, and on-ramp using fiat via Transak. Yes, you can now buy a bank-approved stablecoin inside the same wallet you use to ape into questionable meme coins at 3am.

SG-FORGE claims USDCV is fully backed by cash, redeemable 1:1 in dollars, and issued under its ACPR electronic-money license. "Fully backed" is currently performing a totally different meaning than it did in 2022, but we're choosing to trust the banking vibes on this one.

Consensys CEO Joseph