Bullish Europe Becomes First Exchange to List MiCAR-Compliant USDCV Stablecoin
TLDR
USDCV launches as first MiCAR-regulated dollar stablecoin in Europe.
Bullish & SG-FORGE debut USDCV, expanding regulated crypto access.
USDCV brings trusted dollar stablecoin trading under MiCAR in EU.
Europe gets its first MiCAR-compliant USD stablecoin: USDCV is live!
Bullish Europe leads with USDCV, a MiCAR-regulated dollar stablecoin.
Bullish Europe has officially launched trading for USDCV, the first U.S. dollar-pegged stablecoin regulated under the European MiCAR framework. The new listing comes through a strategic partnership with Societe Generale-FORGE, a digital asset-focused subsidiary of the French banking group. With this move, Bullish Europe reinforces its leadership in regulated digital asset services across the European Union.
USDCV Expands Regulated Dollar-Pegged Stablecoin Access
USDCV is designed to maintain a one-to-one peg with the U.S. dollar while fully complying with MiCAR’s strict regulatory standards. Societe Generale-FORGE issued the stablecoin on Ethereum and Solana, focusing on security, transparency and institutional-grade design. Bullish Europe has become the exclusive platform for listing and trading USDCV for eligible users.
This new offering significantly broadens Bullish Europe’s portfolio of regulated digital assets. The company aims to provide reliable and MiCAR-aligned trading infrastructure for market participants. The introduction of USDCV marks a pivotal step in bringing trust to blockchain-based markets.
MiCAR has introduced legal clarity for stablecoins in the EU, helping regulated entities gain first-mover advantages. USDCV represents the first dollar-backed token under this regime and sets a precedent for future issuances. This development also separates compliant products from the largely unregulated global stablecoin market.
EURCV Adoption Continues as Market Demand Grows
Bullish Europe added support for SG-FORGE’s EURCV, a euro-denominated stablecoin issued in 2023. EURCV is also fully compliant with MiCAR and has grown in daily turnover, reaching approximately €40 million. This figure reflects increasing demand for stable, transparent, and regulated alternatives to traditional euro transactions.
EURCV operates on a model that includes direct minting and burning by exchanges and brokers. SG-FORGE continues onboarding platforms, with 10–15 additional exchanges in the integration pipeline. All counterparties go through a unified Know Your Customer (KYC) process aligned with Societe Generale’s banking standards.
Bullish Europe supports EURCV trading under the same secure and regulatory-compliant infrastructure as USDCV. Together, these two stablecoins enhance the accessibility of tokenized fiat currencies for European and global participants. The consistent performance of EURCV supports expectations for strong USDCV market traction.
Bullish and SG-FORGE Set Foundation for Regulated Stablecoin Ecosystem
The Bullish-SG-FORGE collaboration demonstrates how regulated institutions can lead in crypto market innovation. Bullish Europe delivers compliant digital asset services under Germany’s BaFin oversight, aligning with MiCAR’s investor protection mandates. This makes the firm well-positioned to support stablecoin trading in a safe and transparent environment.
USDCV now joins EURCV in offering dual-currency stablecoin support on a single exchange platform. This multi-stablecoin approach aims to integrate traditional finance with digital markets through legal and technical rigor. Bullish Europe leverages its licensed status to expand access to MiCAR-regulated assets, including USDCV.
Societe Generale-FORGE continues to restrict access to USDCV for U.S.-based users due to regulatory uncertainty in the United States. As U.S. lawmakers finalize frameworks like the GENIUS Act, SG-FORGE maintains its focus on Europe’s clear regulatory path. This decision aligns with the firm’s conservative approach to global market compliance.
USDCV represents a breakthrough in aligning crypto innovation with traditional finance standards. By offering USDCV and EURCV under a unified, regulated infrastructure, Bullish Europe and SG-FORGE shape the future of stablecoin adoption. The platform now stands as a benchmark for regulated digital asset trading across Europe.
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Filed under: News - @ September 23, 2025 4:27 pm