Bullish Europe Lists MiCA-Regulated USDCV Stablecoin by SG Forge
Bullish Europe has become the first exchange to list USDCV, a MiCA-regulated stablecoin issued by Societe Generale Forge and custodied by BNY Mellon. USDCV qualifies as an e-money token under the EU’s Markets in Crypto-Assets Regulation and holds an electronic money institution licence from French authorities. It is designed for remittances, foreign exchange, payments and value storage. The launch follows the earlier EURCV euro stablecoin and expands regulated access to digital assets across the EU under BaFin oversight. Bullish Europe aims to enhance trading liquidity and settlement options for institutional and retail clients. The move aligns with a broader push for native European stablecoins, including EURAU on Ethereum and Paxos’s USDG. EU officials, led by ECB president Christine Lagarde, have warned of risks from unregulated tokens and stressed unified regulation. Traders expect that MiCA approval of USDCV will boost market confidence and liquidity, supporting wider crypto adoption in Europe.
Neutral
The listing of USDCV on Bullish Europe expands regulated access and liquidity for this MiCA-regulated stablecoin. In the short term, traders benefit from new trading and settlement venues, but the peg mechanism ensures price stability at $1. In the long term, regulatory approval under MiCA and BaFin oversight enhances trust and adoption, yet stablecoins by design have minimal price volatility, keeping the market impact neutral.