The French bank Societe Generale’s digital asset division, FORGE, has partnered with Consensys to integrate USD CoinVertible (USDCV) into MetaMask. This partnership brings the bank’s dollar‑denominated, MiCA‑compliant stablecoin into a wallet with over 30 million monthly active users and about 100 million installs. As a result, USDCV now reaches one of the most widely used self‑custody wallets in the world.
SocGen‑FORGE launched USDCV, a U.S. dollar‑pegged token, in 2025 on Ethereum and Solana. The bank says it fully backs USDCV with cash reserves, redeems it 1:1 in dollars, and issues it under its French electronic‑money license supervised by the ACPR and AMF. Bank of New York Mellon acts as reserve custodian, adding another large traditional institution into the backing structure.
With the MetaMask integration, USDCV now appears as a curated, bank‑issued stablecoin inside the wallet’s mobile and browser interfaces. SocGen‑FORGE and Consensys say the goal is to bring a regulated dollar token directly to DeFi users, corporates, and institutions that prefer self‑custody.
How MetaMask Users Can Access USD CoinVertible
Under the deal, MetaMask lists USDCV in its supported stablecoin roster. It lets users deploy USDCV for trading, DeFi, and fiat on‑ramping.
Users can hold the token in their regular MetaMask accounts. They can also interact with dapps that accept USDCV as collateral or settlement currency.
Fiat conversion runs through Transak, MetaMask’s exclusive on‑ramp provider for this integration. That setup lets eligible users swap between bank money and USDCV directly from the wallet interface, similar to existing flows for USDC or USDT in some regions. MetaMask’s Gas Station features can also use USDCV to pay gas in certain flows, depending on which networks support it.
Importantly, USDCV remains unavailable to U.S. residents, as with earlier launches. SocGen‑FORGE is positioning it primarily for European and international clients that want a MiCA‑regulated bank stablecoin for trading, payments, and on‑chain settlement.
Why SocGen‑FORGE and Consensys are Doing This Now
SocGen‑FORGE pitches USDCV as one of Europe’s first bank‑issued dollar stablecoins designed from day one for MiCA compliance. As MiCA’s stablecoin rules come into force, the bank hopes regulatory clarity will help it stand out from non‑bank issuers.
By partnering with Consensys and MetaMask, SocGen‑FORGE skips building its own retail wallet and instead taps an existing user base of tens of millions.
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