A European bank’s regulated stablecoin is now usable in MetaMask — and can pay its own gas fees

MetaMask users can now transact, trade, and pay gas fees using a stablecoin issued by a top-tier European bank — and regulated under the EU’s MiCA framework. The asset, USD CoinVertible (USDCV), is live in MetaMask following a partnership between its issuer, SG-FORGE, and Consensys. That integration means users can on- and off-ramp fiat, trade digital assets, access DeFi protocols, and crucially, pay transaction fees directly in USDCV through MetaMask’s Gas Station feature — a rare functionality that reduces dependence on native network tokens like ETH.

USDCV is issued by SG-FORGE, a digital assets subsidiary of Société Générale, which became the first bank to launch a dollar-pegged stablecoin in June 2025. The token has 26.3 million units in circulation. Unlike many stablecoins operating in regulatory gray zones, USDCV is designed to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation — a framework that imposes strict requirements on transparency, reserves, and issuer accountability.

The same compliance backbone supports SG-FORGE’s euro-denominated stablecoin, EURCV, which has 105.9 million euros in circulation and previously integrated with DeFi platforms like Safe’s Morpho vault. But the MetaMask integration marks a broader shift: a regulated financial institution embedding its digital assets directly into consumer-facing Web3 infrastructure used by millions.

Jean-Marc Stenger, CEO of SG-FORGE, said the goal is to accelerate an interoperable financial system that merges blockchain efficiency with bank-grade security and regulatory oversight. By making USDCV usable for gas payments, the integration doesn’t just add another token to a wallet — it redefines how users can interact with the network itself, using a stablecoin backed not by a crypto-native firm, but by a regulated European bank.