Bullish Europe brings new US dollar stable USDCV to Europe

Bullish Europe brings new US dollar stable USDCV to Europe

On October 7, 2025, Bullish Europe announced the introduction of the USD Coinvertible (USDCV), a new, regulated stable coin that was developed in partnership with Societe General-Forge. Crypto.news reports that this innovation aims at the growing requirements of institutional and private investors who are looking for regulated digital assets.

USDCV is a stable coin bound to the US dollar, which fully meets the requirements of the markets in Crypto-Assets (Mica) Ordinance. This ensures that stable coin meets the highest regulatory standards, which is particularly important for institutional investors. The stable coin is covered 1: 1 with cash or high -quality collateral.

Market development and competition

The market for dollar-bound stablecoins is dominant in Europe: they currently make up 99% of the entire European StableCoin market. USDCV complements the existing offer from SG-Forge, which also includes the euro-bound EUR coinvertible (EURCV), which was introduced in April 2023. The EURCV has a circulating amount of around 42 million tokens and a market capitalization of around 66.35 million USD, which classifies the third largest euro-bound stable coin according to EURC and Stasis.

Marco Bodewein, CEO of Bullish Europe, emphasizes the importance of the new USDCV for institutional investors because he offers them a regulated and trustworthy opportunity to invest in digital assets. Jean-Marc Stenger, CEO of Societe Generale, adds that the introduction of USDCV is a logical step in view of the growing interest in stable coins.

A look at the global market

The market research by Jürgen Schaaf, consultant to the European Central Bank, illustrates that the global market for stable coins is strongly dominated by US dollar-bound variants. According to Schaaf, these 99% of the StableCoin market make up, while euro-denominated alternatives such as the EURCV have so far only have a minimal market share. This shows the immense potential for USD-bound stable coins, especially in Europe, where the need for regulated digital markets is steadily increasing.

Overall, the introduction of USDCV by Bullish Europe and Societe Generals open new perspectives for trading digital assets in a rapidly developing market. The focus on regulations and high standards is expected to help strengthen trust in digital currencies and increase interest in stable coins.