MiCAR-Regulated Stablecoins Cement EU's Lead in Secure Digital Trading

Bullish Europe has begun offering trading for USDCV, marking it as the first stablecoin tied to the U.S. dollar to be regulated under the European Union’s Markets in Crypto-Assets Regulation (MiCAR). Operating under the supervision of Germany’s BaFin, the exchange collaborated with Société Générale-FORGE (SG-FORGE), a digital asset subsidiary of the French banking giant, to launch this token. This move broadens the availability of regulated stablecoin trading within the EU and establishes Bullish Europe as a frontrunner in providing MiCAR-compliant digital asset solutions Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].

USDCV is structured to keep a one-to-one value with the U.S. dollar, while also meeting MiCAR’s rigorous standards for transparency, security, and institutional-level design. The token is issued on the

and blockchains, and forms part of SG-FORGE’s initiative to connect traditional finance with the crypto sector. Bullish Europe is currently the exclusive platform for listing and trading USDCV for qualified users, utilizing its regulated framework to ensure a safe trading environment for both institutional and individual clients Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].

This launch follows the successful rollout of EURCV, SG-FORGE’s euro-backed stablecoin, which has achieved an average daily trading volume of about €40 million since its introduction in 2023 Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ]. Both EURCV and USDCV use a unified operational model that allows exchanges and brokers to mint and burn tokens directly, with all parties undergoing KYC checks in line with Société Générale’s banking protocols. SG-FORGE is in the process of adding 10–15 more exchanges for EURCV, further extending its presence across Europe Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].

MiCAR has established a comprehensive legal structure for stablecoins in the EU, giving regulated firms a competitive edge. The introduction of USDCV under this framework sets it apart from most global stablecoins, which often lack regulation. The clarity provided by MiCAR enables compliant tokens like USDCV to operate alongside conventional financial systems, reducing the risks linked to uncollateralized digital assets Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].

The collaboration between Bullish Europe and SG-FORGE highlights the increasing convergence of regulated crypto platforms and traditional financial institutions. With BaFin’s oversight, the exchange meets MiCAR’s investor protection requirements, making it a reliable venue for stablecoin transactions. By supporting both EURCV and USDCV, Bullish Europe seeks to bring tokenized fiat currencies into mainstream finance, providing dual-currency access for users in Europe and beyond Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].

Due to regulatory uncertainties in the U.S., SG-FORGE has limited access to USDCV for American users, as lawmakers continue to develop frameworks such as the GENIUS Act. The company’s cautious strategy emphasizes compliance with Europe’s established regulations, positioning USDCV as a model for stablecoin development in the EU Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].

The debut of USDCV signals a growing momentum for regulated stablecoins in Europe. Experts point out that MiCAR’s focus on transparency and responsibility has increased confidence in stablecoin markets, attracting institutional investors and corporate treasuries. As more MiCAR-compliant tokens become available, the EU is solidifying its role as a center for secure and transparent digital asset trading Bullish Europe becomes first exchange to list MiCAR-compliant USDCV stablecoin [ 1 ].