Societe Generale-FORGE (SG-Forge) has partnered with blockchain software company Consensys to expand access to its USD CoinVertible stablecoin.
In a statement, French banking giant Societe Generale’s digital asset subsidiary said that move will enable global access to its stablecoin via integration with MetaMask, a self-custodial Web3 wallet.
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Consensys-owned MetaMask allows users manage digital assets and connect to decentralised applications.
SG-Forge added that the move is the first time MetaMask’s millions of users to access a regulated stablecoin issued by the subsidiary of a major European bank.
Under the integration, the MiCA-compliant USD CoinVertible will be listed within a limited selection of stablecoins available in the MetaMask app.
Consensys founder and CEO and Ethereum co-founder Joseph Lubin said: “We’re at an inflection point in how value moves and how financial systems are structured. Stablecoins are an important part of that evolution, helping bridge traditional frameworks and decentralized infrastructure.
“We’re pleased to collaborate with SG-Forge as part of this broader shift.”
Through the integration, MetaMask users will be able to use USD CoinVertible for several functions.
These include converting between fiat currency and the stablecoin, trading crypto assets using USD CoinVertible, and using USD CoinVertible within decentralised finance (DeFi) protocols.
Users will also be able to pay blockchain transaction fees with USD CoinVertible using MetaMask’s Gas Station feature.
Transak will support the implementation as the exclusive fiat-to-stablecoin provider within the MetaMask app.
SG-Forge CEO Jean-Marc Stenger said: “By introducing our stablecoin into one of the world’s most widely used Web3 wallets, we’re helping accelerate the emergence of an interoperable financial system, combining the advantages of blockchain technology with the security and compliance of a European issued asset, supported by a major bank.”
SG-Forge said the partnership builds on its efforts to connect its stablecoins with blockchain networks and platforms across both traditional finance and crypto-asset markets, with an emphasis on operating within a compliant framework.
