TechFlow, September 23 — According to CoinDesk, Societe Generale-FORGE (SG-FORGE), the cryptocurrency subsidiary of French bank Société Générale, has selected Bullish's European arm as the first platform to list its USD-pegged stablecoin, USD CoinVertible (USDCV).
The USD-denominated stablecoin launched in June on the Ethereum and Solana networks and, like its euro-backed counterpart EURCV, is regulated under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
SG Forge CEO Jean-Marc Stenger said that although the U.S. Congress has passed the GENIUS Act, a complete regulatory framework is not yet in place, and it may take several more months before the stablecoin becomes available to U.S. residents. Currently, the stablecoin is only accessible to non-U.S. investors.
