1inch has taken another step toward knitting traditional finance and decentralized finance closer together by integrating Flowdesk as a resolver for Societe Generale–FORGE’s Euro and US dollar stablecoins, EURCV and USDCV. The integration allows 1inch Swap to route liquidity for both tokens, putting bank-issued, MiCA-compliant stablecoins squarely into the aggregator’s routing fabric and giving traders access to Euro- and USD-denominated liquidity across leading blockchains.
Under the arrangement, Flowdesk, a Paris-based liquidity provider that is registered with France’s Autorité des Marchés Financiers, will join the 1inch resolvers network and handle order execution and liquidity for EURCV and USDCV. Flowdesk’s regulated status and institutional infrastructure are central to the pairing: the firm says it provides institutional-focused solutions across both on-chain and centralized venues, and that it will act as the primary on-chain counterparty and order handler for the stablecoins on 1inch.
EURCV and USDCV are issued by SG-FORGE, Societe Generale’s digital assets arm, and the tokens are presented by their issuer as compliant with the European MiCA framework. The stablecoins are available on major chains including Ethereum and Solana, and the SG-FORGE documentation frames them as fully backed, transparently collateralized CoinVertible tokens designed for institutional and retail use cases alike. Societe Generale’s move into dollar- and euro-denominated stablecoins has been closely watched since the bank’s earlier EURCV launch and the subsequent announcement of USDCV this year.
A Major Milestone
The timing of the integration shows a broader narrative: 2025 has seen a surge in stablecoin activity that many observers dubbed “stablecoin summer,” and transfer volumes have swelled to levels that put the asset class in the spotlight for both regulators and traditional finance firms. Industry reports show annual stablecoin transfer volumes climbing into the tens of trillions, a metric often cited to illustrate how quickly tokenized cash is moving into mainstream financial workflows. For market participants, having regulated, bank-backed stablecoins routable on major DeFi aggregators is a way to marry the on-chain utility of stablecoins with the compliance and trust profile institutional users demand.
1inch co-founder Sergej Kunz framed the integration as a milestone in that effort. “The integration of EURCV and USDCV marks a significant milestone in bridging traditional finance with DeFi,” Kunz said, noting that offering MiCA-compliant Euro and USD stablecoins on 1inch Swap enhances both the platform’s utility and its risk management profile. Flowdesk CEO Guilhem Chaumont echoed the sentiment, saying the company’s infrastructure is designed to deliver seamless liquidity across on-chain and centralized venues and to help institutions navigate the digital-asset space with confidence.
For 1inch users, the change is practical: swaps that involve EURCV or USDCV will be able to route to Flowdesk’s liquidity via the resolver network, potentially tightening spreads and improving execution for euro- and dollar-denominated trades. For SG-FORGE and its bank-backed tokens, the integration widens distribution, giving token holders and market makers another venue for trading and settlement in DeFi venues. Both sides emphasize that this is not about custody: 1inch is a non-custodial routing interface and does not issue, redeem, or custody EURCV or USDCV.
The move follows broader industry activity by banks and regulated entities experimenting with tokenized currency rails and places 1inch among a growing group of DeFi infrastructure projects working to support regulated, institution-grade assets. As stablecoin adoption continues to accelerate across retail, institutional and regulatory fronts, integrations like this one will likely shape how traditional liquidity providers and DeFi aggregators cooperate, not just to improve trade execution, but to create pathways for institutions to operate on-chain without giving up regulatory guardrails.
