Bitpanda partnered with Societe Generale’s digital assets arm to offer its stablecoins to retail users in Europe.
Summary
- Bitpanda partnered with Societe Generale’s digital assets arm to offer regulated stablecoins
- EURCV and USDCV stablecoins issued by SG-FORGE will be available on DeFi
- Both stablecoins comply with the strict EU regulations for MiCA stablecoin
Bitpanda and Societe Generale-FORGE have partnered to bring Europe’s first bank-issued, MiCA-compatible stablecoins to retail DeFi users. On Tuesday, October 14, the EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) issued by SG-FORGE will be available via Bitpanda’s DeFi Wallet.
The partnership means European DeFi users will have access to MiCA-compatible stablecoins. Notably, these assets will be available for DeFi lending and borrowing, and more. According to Societe Generale-FORGE, it also represents the bank’s entry into DeFi.
“As a digital asset subsidiary of Societe Generale, SG-FORGE is excited to partner with Bitpanda, a key player in the evolving digital landscape. After establishing Euro and Dollar stablecoins as cornerstones of the Bitpanda ecosystem, we are now taking a decisive step forward by expanding into the world of DeFi through our partnership,” said Jean-Marc Stenger, CEO of Societe. Generale-FORGOTTEN.
Bitpanda and Societe Generale bring stablecoins to European DeFi
Bitpanda and SG-FORGE started their partnership in September 2024, centered around the EURCV and USDCV stablecoins. Notably, the EURCV stablecoin already serves as the preferred stablecoin for margin trading on Bitpanda. According to the two companies, they share the vision of making stablecoins more accessible to the public.
“This is a milestone for Web3 in Europe. SG-FORGE is one of the most progressive institutions in banking, and their commitment to implementing blockchain technology in the real world is unparalleled. By integrating their stablecoins into the Bitpanda DeFi Wallet, we are laying the foundation to create real ways for people to benefit from Web3 and a new era of create interoperable, regulated finance,” said Lukas Enzersdorfer-Konrad, co-CEO of Bitpanda.
