Societe Generale-FORGE has chosen Bullish's European arm as the first venue to list its USD CoinVertible (USDCV) stablecoin, introduced on Ethereum and Solana. This comes amid growing regulatory clarity in Europe under the Markets in Crypto-Assets (MiCA) regulation, while similar developments in the U.S. await further clarification following the passage of the GENIUS Act. Jean-Marc Stenger, CEO of Societe Generale-FORGE, stated that it may take several months to establish a clear regulatory environment in the U.S., preventing the launch of their stablecoin for U.S. residents for now. Currently, the number of exchanges and brokers able to mint and burn the stablecoin is on the rise, with many more organizations waiting to be onboarded. SocGen, a leader in the stablecoin space among major banks, also reported that their euro-denominated counterpart, EURCV, is experiencing significant turnover, highlighting their growing influence in the crypto financial market.

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