Societe Generale-FORGE, the digital asset arm of French banking giant Société Générale, has announced a new collaboration with Web3 infrastructure company Consensys. Under the agreement, the company's MiCA-compliant stablecoin, USD CoinVertible (USDCV), will be integrated into MetaMask, one of the world's most widely used cryptocurrency wallets. This integration adds USDCV to the list of stablecoins supported on both MetaMask's mobile app and web interface. This allows users not only to store assets but also to interact more directly with on-chain transactions, decentralized applications, and financial services. One of the most notable aspects of this new integration is the breadth of the stablecoin's use cases. MetaMask users can now perform fiat transactions, buy and sell crypto assets, and access DeFi protocols using USDCV. Furthermore, thanks to MetaMask's "Gas Station" feature, users can pay transaction fees directly with USDCV, a development that significantly simplifies the user experience.
Banks are now closer to Web3
Societe Generale-FORGE CEO Jean-Marc Stenger emphasized that this integration is part of a broader financial transformation. According to Stenger, the inclusion of a bank-backed stablecoin in a widely used Web3 wallet combines the advantages of blockchain technology with the security and regulatory framework of traditional finance. Such steps are expected to accelerate the formation of an interoperable financial system.
USD CoinVertible is one of two stablecoins launched by Societe Generale-FORGE.
The company became one of the first major banks to launch a USD-based stablecoin globally by introducing this dollar-pegged asset in June 2025. The other product, EUR CoinVertible (EURCV), was launched in April 2023 and, with its euro-pegged structure, focuses particularly on European use cases. As of April 15, the USDCV supply was at 26.3 million, while the circulating amount for EURCV reached 105.9 million euros. On the other hand, EURCV had previously been made available in the DeFi space. The Safe Wallet team, known for its multi-signature wallet infrastructure, created a vault structure on Morpho in February that allows earning returns with EURCV.
This structure is supported by risk parameters managed by the institutional DeFi consulting company Steakhouse Financial. This development is noteworthy from several perspectives. Firstly, it is significant that a regulated stablecoin issued by a major European bank is directly integrated into a mainstream Web3 wallet. Banks are no longer just observers; they are directly involved in the user experience. Another point is the use case. The ability to perform daily needs such as fiat deposit and withdrawal transactions and gas payments with such assets opens the door for stablecoins to become an actively used payment method. There is also the competition side of things. European-based stablecoins are slowly starting to enter the market. If these kinds of integrations continue, we may start to see more alternatives issued by banks, not just USDC and USDT, in the market.
