Bullish Europe Lists the USDCV: the European response to American stablecoins

Europe muscle its game on stablecoins. Bullish Europe has just listed the USDCV, the new stablecoin backed by the dollar launched by Société Générale-Forge. Compliant Mica and supervised by the Bafin, this token marks a decisive turning point in the regulatory battle that Europe delivers to American giants in the sector.

The general company USDCV now listed on Bullish Europe

The launch of the USDCV by Société Générale-Forge (SG-Forge) on the Bullish Europe platform marks a turning point for Europe. For the first time, a systemic bank of the continent offers a stablecoin backed by the dollar, designed in a framework entirely validated by regulators. Placed under the supervision of the Bafin and in accordance with the Mica regulations, this project intends to offer a credible alternative to American behemoths such as Tether or Circle.

The USDCV completes the EUR Coinvertible (EURCV), Stablecoin Euro already available since 2023. Together, these two tokens constitute a double strategic offer: Euro and Dollar, backed by kept reserves at BNY Mellon and published daily to guarantee transparency and safety.

According to a representative of SG-Forge, The USDCV is aimed at both financial institutions and individualsexcluding American residents. Its uses will cover a wide range of applications: fund transfers, trading operations, cross -border regulations and cash management.

Europe muscle its strategy in the face of American stablescoins

So far, the United States largely dominated the space of stablecoins. But with the Mica framework that entered into force at the end of 2024, Europe imposes new rules of the game. A dozen actors, including Circle and Société Générale, have already obtained the precious regulatory sesame.

The USDCV illustrates the will of Europe to offer a regulated crypto infrastructure, capable of competing with American heavy goods vehicles. Christine Lagarde, president of the ECB, recently recalled the dangers of an exclusive domination of the dollar via the stablecoins and insisted on the need for a common approach.

The launch of the USDCV marks an important step for Europe in the Stablecoins arena. If Mica structures the market now, he does not convince all the players: Tether preferred to withdraw rather than comply with it. In the background, the digital euro in gestation could redistribute the cards and strengthen the European monetary arsenal against the United States.