Bitpanda Inserts Societe Generale MiCA Stablecoins into DeFi
- MiCA stablecoins for European DeFi
- EURCV and USDCV available in DeFi wallet
- Partnership brings together traditional finance and crypto
Bitpanda and Société Générale's digital asset subsidiary, SG-FORGE, announced a collaboration that brings regulated European stablecoins into the DeFi space. Starting October 14, SG-FORGE-issued EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) will be available through Bitpanda's decentralized wallet, allowing users to participate in lending, borrowing, and other on-chain transactions.
These stablecoins are already compliant with the MiCA regulation, ensuring they operate within the European regulatory framework for crypto assets. The partnership paves the way for European DeFi users to access bank assets issued under institutional supervision. SG-FORGE claims this move marks its formal entry into the decentralized ecosystem.
Jean-Marc Stenger, CEO of SG-FORGE, commented:
"As the digital assets subsidiary of Société Générale, SG-FORGE is thrilled to collaborate with Bitpanda, a key player in the evolving digital landscape. Having established euro and dollar stablecoins as core assets in the Bitpanda ecosystem, we are now taking a decisive step by expanding into the DeFi world through our partnership."
The statement reinforces the intention to connect traditional finance and blockchain ecosystems.
Bitpanda had already been acting Bitpanda has partnered with EURCV since September 2024, listing it as the preferred stablecoin for margin trading. Now, with the addition of USDCV and DeFi integration, the collaboration's reach extends to the retail market. For Lukas Enzersdorfer-Konrad, Co-CEO of Bitpanda, "By integrating their stablecoins into the Bitpanda DeFi Wallet... we're laying the foundation for creating real ways for people to benefit from Web3."
SG-FORGE explains that both currencies (EURCV and USDCV) are fully backed by euros or dollars—and are redeemable at a 1:1 ratio—with daily audits and disclosure of underlying reserves. The currencies' technical infrastructure supports Ethereum, Solana, XRPL, and Stellar, expanding cross-chain use.
With this offering, Bitpanda becomes one of the first European brokers to allow retail clients to earn yield on regulated bank stablecoins within DeFi protocols such as Morpho and Uniswap. This initiative is expected to strengthen interoperability between centralized and decentralized finance in Europe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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