0x542...6634
$1.16
+0.14%
last 24hrs
No Data Yet
Comparison:
ETH
SOL
Supported by
1h
-0.07%
24h
+0.14%
7d
+0.64%
14d
-0.24%
30d
-0.65%
200d
-0.24%
EURCV Signals
Advanced Feature
Related News
Oct 15 2025, 07:03
French Banking Giant ODDO BHF Launches MiCA-Compliant Euro Stablecoin EUROD on Bit2Me Platform
## Executive Summary **ODDO BHF**, a prominent French financial institution, has officially launched **EUROD**, a new euro-denominated stablecoin. This digital asset is designed to be fully compliant with the European Union's Markets in Crypto-Assets (**MiCA**) regulation and will be listed on the **Bit2Me** cryptocurrency exchange. The move signals a continued integration of traditional finance with the burgeoning digital asset ecosystem, specifically within the regulated European market. ## The Event in Detail **ODDO BHF**, a financial group with 175 years of history and over €150 billion in assets under management, has developed **EUROD** to facilitate stable, fiat-pegged transactions within the blockchain environment. The stablecoin is backed 1:1 by the euro, adhering to the stringent requirements of **MiCA** for E-Money Tokens (EMTs). These regulations mandate issuers to maintain liquid reserves on a 1:1 basis, guarantee direct redemption rights, and comply with strict governance and transparency standards. The development of **EUROD** involved collaboration with crypto technology firm **Fireblocks** and utilizes **Polygon** technology, a Layer 2 solution known for its efficiency and integration within the Ethereum ecosystem. The listing of **EUROD** on **Bit2Me**, a Madrid-based crypto platform supported by institutions like **Telefonica**, **Unicaja**, and **BBVA**, aims to provide accessibility to both retail and institutional clients. This strategic partnership leverages Bit2Me's existing user base and infrastructure to introduce the regulated stablecoin to a broader market. ## Market Implications The introduction of **EUROD** by a traditional banking giant like **ODDO BHF** carries significant implications for the European stablecoin market. It intensifies competition among euro-pegged digital assets, potentially challenging the dominance of existing offerings like **Circle's EURC** and **Société Générale-FORGE's** euro-denominated stablecoin. The explicit focus on **MiCA** compliance positions **EUROD** as a key player in the increasingly regulated European digital asset landscape. Data from an EY-Parthenon survey indicates a growing institutional interest in stablecoins, with 54% of non-users planning implementation by 2026. Motivations include reduced transaction costs and faster cross-border payments. The survey also highlighted a preference for established stablecoins, with **EURC** already utilized by 45% of surveyed organizations. **ODDO BHF's** entry, backed by its substantial assets and regulatory adherence, could further catalyze this institutional adoption. The initiative underscores the ongoing shift toward tokenized cash being used for payments, remittances, and decentralized finance, bridging traditional finance with the blockchain economy. ## Broader Context The launch of **EUROD** is set against the backdrop of **MiCA** becoming fully operational across the European Economic Area by early 2025. This regulatory framework has established a unified rulebook for digital assets, particularly stablecoins, requiring strict authorization, disclosure, and reserve management. Stablecoins exceeding specific thresholds (one million transactions per day or over €200 million in daily value) face even stricter oversight from the European Banking Authority (**EBA**). This regulatory clarity is attracting new entrants and fostering a more mature, secure crypto market. The normalization of crypto finance, where stablecoins evolve into regulated financial instruments with legal guarantees, is drawing increased participation from banks, institutional investors, and fintech companies. The move by **ODDO BHF** reflects a broader trend of traditional financial institutions leveraging blockchain technology to offer regulated digital assets, signifying a strategic shift towards a more integrated financial ecosystem. This trend suggests that compliant stablecoins are becoming the foundational layer for future digital financial strategies in Europe.
Sep 23 2025, 18:31
Societe Generale's SG Forge Debuts MiCA-Compliant USD Stablecoin on Bullish Europe
## Executive Summary Societe Generale's digital asset subsidiary, **SG Forge**, has officially launched its USD CoinVertible (**USDCV**) stablecoin on **Bullish Europe**. This development represents a significant advancement in the provision of regulated digital assets within the European Union, with USDCV fully compliant with Europe's Markets in Crypto-Assets (**MiCA**) regulation. The stablecoin is pegged 1:1 to the US dollar, designed to cater to institutional, corporate, and retail investors seeking compliant access to stable digital currencies. This launch underscores a growing divergence in digital asset regulatory environments between Europe and the United States. ## The Event in Detail On September 23, 2025, **Bullish Europe (GmbH)**, a BaFin-regulated provider of digital asset trading and custody services licensed under MiCA, announced its partnership with **Societe Generale-FORGE (SG-FORGE)**. Through this collaboration, Bullish Europe became the inaugural platform to offer USDCV. This is SG-FORGE's second stablecoin, following the EUR CoinVertible (**EURCV**), which Bullish began offering in early June. USDCV is designed to provide access to a US dollar-pegged stablecoin compliant with MiCA, available on both the **Ethereum (ERC20)** and **Solana** blockchains. Marco Bodewein, CEO of Bullish Europe, stated that offering USDCV "further highlights Bullish's position as a leading venue for institutional-grade liquidity and compliant digital asset trading services." Jean-Marc Stenger, Chief Executive Officer of Societe Generale-FORGE, added that this partnership "reinforces this commitment by providing investors with seamless access to our MiCAR-compliant stablecoins, facilitating the integration of traditional and digital financial ecosystems." ## Financial Mechanics and Regulatory Compliance **USD CoinVertible (USDCV)** functions as an **e-money token (EMT)** under the European MiCA regulation (EU) 2023/1114. It is issued by SG-FORGE, which holds an electronic money institution license granted by the **ACPR (Autorité de Contrôle Prudentiel et de Résolution)**. USDCV is pegged 1:1 to the US dollar and is backed by 100% cash held in segregated accounts at the **Bank of New York Mellon Corporation (BNY)** and Societe Generale. The stablecoin is redeemable 1:1 for US dollars. SG-FORGE maintains full transparency, publicly disclosing the collateral composition and valuation on a daily basis. The collateral adheres to stringent eligibility criteria, including minimum rating and liquidity requirements, ensuring funds are bankruptcy remote in the event of an SG-FORGE insolvency. USDCV has been fully compliant with MiCA since its launch on June 25, 2025, mirroring the compliance of EURCV since July 1, 2024. ## Business Strategy and Market Positioning SG-FORGE's strategy is to bridge traditional finance with the digital asset ecosystem by offering regulated stablecoins. The launch of USDCV expands its suite of offerings, building on the success of its euro-denominated counterpart, EURCV, which has reached a daily turnover of approximately €40 million ($47 million). While the overall stablecoin market has seen significant growth, primarily driven by **USDT** and **USDC** (which together account for 93.5% of the circulating supply), traditional finance-backed stablecoins like **PayPal's PYUSD** and SG-FORGE's EURCV have initially faced challenges in gaining widespread traction despite strong brand recognition and regulatory alignment. However, SG-FORGE continues to expand its reach, actively onboarding more exchanges and brokers, with 10–15 additional platforms in the integration pipeline, all subject to a unified KYC procedure for secure access. ## Broader Market Implications The introduction of a MiCA-compliant USD stablecoin by a systemic bank like Societe Generale sets a significant precedent for the broader Web3 ecosystem. It deepens the integration of traditional finance with digital assets, potentially leading to increased liquidity and institutional investment in regulated stablecoin markets within Europe. This move also highlights the diverging regulatory landscapes between the EU and the US. Europe, with its clear MiCA framework, provides legal certainty, while the US faces ongoing regulatory ambiguity despite the **GENIUS Act** enacted on July 18, 2025. The delay in full implementation and persistent regulatory uncertainty in the US restricts access for US residents to SG Forge's stablecoins. This regulatory disparity shapes global competition and influences the pace of corporate adoption of digital assets, with Europe currently leading in providing a clear operational environment for regulated stablecoins.
Follow-Up Questions
What is the current price of EUR CoinVertible (EURCV)?
EUR CoinVertible (EURCV) current price is $1.16, up 0.14% today.
What is the daily trading volume of EUR CoinVertible (EURCV)?
EUR CoinVertible (EURCV) daily trading volume is $72.1M
What is the market cap of EUR CoinVertible (EURCV)?
EUR CoinVertible (EURCV) current market cap is $76.6M
What is the circulating supply of EUR CoinVertible (EURCV)?
EUR CoinVertible (EURCV) current circulating supply is 65.7M
What is the fully-diluted market cap (FDV) of EUR CoinVertible (EURCV)?
EUR CoinVertible (EURCV) fully diluted market cap (FDV) is $76.6M
Products
Trading Strategies
Markets
© 2025 Edgen Powered by
Ask AI About EURCV