Key Takeaways:

• Societe Generale has launched its dollar-backed stablecoin, USDCV, on MetaMask.
• Users can buy, use, and pay blockchain transaction fees with USDCV inside the MetaMask wallet.
• USDCV is fully backed by cash and follows strict EU crypto rules.

Societe Generale, one of France’s largest banks, has integrated its dollar-pegged stablecoin, USDCV, into MetaMask, allowing users of the popular crypto wallet to access a bank-backed digital dollar for the first time.

The bank’s digital asset arm, Societe Generale-FORGE (SG-FORGE), and Consensys — the blockchain technology company that develops and operates MetaMask — jointly announced the partnership on 15 April 2026.

A stablecoin is a type of cryptocurrency designed to maintain a fixed value. SG-FORGE’s version, USD CoinVertible (USDCV), is pegged to always be worth one US dollar. MetaMask is a self-custodial wallet, which SG-FORGE describes as the world’s leading wallet of its kind.

What MetaMask users can now do with USDCV

USDCV will feature among a curated shortlist of stablecoins inside MetaMask, accessible on both the mobile app and the desktop versions of the wallet. Users will be able to convert regular money into USDCV and back, trade other cryptocurrencies, and access decentralized finance (DeFi) services — blockchain-based financial services like lending and trading that operate without a traditional bank in the middle.

Users can also pay blockchain transaction fees in USDCV directly through MetaMask’s Gas Station feature. These fees, often called “gas,” are small charges paid to process transactions on a blockchain.

Transak, a global crypto payment company, serves as the exclusive provider handling conversions between traditional currency and USDCV within the app.

Joseph Lubin, co-founder of Ethereum and the founder and CEO of Consensys, said that stablecoins are becoming a core part of how money moves across financial systems globally. He added that Consensys is focused on building open, interoperable systems that improve access to financial services worldwide.

Learn More: Crypto Foundations — From Wallets to Web3

A token backed by full cash reserves and EU regulation

USDCV stands out because it is issued by a subsidiary of a major European bank under a French electronic money license. It is supervised by France’s financial regulators, including the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF).

Each USDCV token is fully backed by cash or cash-equivalent reserves and can be redeemed 1:1 for US dollars. The token is also compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which sets rules for how crypto assets are issued, backed, and managed to protect users. Around 30 stablecoin issuers currently hold MiCA authorization across the EU.

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Building on a three-year stablecoin track record

SG-FORGE entered the stablecoin market in April 2023 with EUR CoinVertible (EURCV), a euro-pegged token that now operates on multiple blockchains, including Ethereum, Solana, XRP Ledger, and Stellar.

In June 2025, it launched USDCV, making Societe Generale the first major global bank to issue a dollar-backed stablecoin. USDCV has 26.33 million tokens in circulation, while EURCV has 106.36 million tokens circulating at the time of writing.

SG-FORGE CEO Jean-Marc Stenger asserted that the MetaMask integration is designed to speed up the development of a financial system that combines blockchain technology with the security and regulatory standards expected of a European bank-backed asset.