Stablecoin dossierReturn to register

Record sog_st_eurcv

EURCVEUR CoinVertible

Also recorded as EURCV, EUR CoinVertible, SG-FORGE EURCV

Active

Lifecycle: Active
Issuance: Restricted
Reference target: Euro
Primary organization: Societe Generale-FORGE
No additional recorded relationship
Launch: 2023-04-20
Redemption: Eligible Customers Only
Backing: Fiat and cash equivalents
Stabilization: Issuer redemption
Last review: 2026-06-19
Evidence: 4 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

MiCA-compliant euro e-money token issued by Societe Generale-FORGE and backed one-to-one by segregated cash collateral.

Name	EUR CoinVertible
Symbol	EURCV
Aliases	EURCV, EUR CoinVertible, SG-FORGE EURCV
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_eurcv`
Route slug	`eurcv`
Record confidence	High
Last reviewed	2026-06-19

Name: EUR CoinVertible
Symbol: EURCV
Aliases: EURCV, EUR CoinVertible, SG-FORGE EURCV
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_eurcv
Route slug: eurcv
Record confidence: High
Last reviewed: 2026-06-19

Record coverage

Section	Entries
Organizations	1
Sources	4
Reserve reports	1
Reserve components	1
Model-history events	2
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	2

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Societe Generale-FORGE
Primary display role: Legal issuer
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Societe Generale-FORGE	Payment or e-money institution	Regulated payment or e-money institution	France / European Union	Legal issuer	Primary display	Not yet recorded	Not yet recorded	Active relationship

Payment or e-money institution

Societe Generale-FORGE

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Regulated payment or e-money institution
Jurisdiction: France / European Union
From: Not recorded
Until: Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: Euro
Public backing model: Fiat and cash equivalents
Primary stabilization mechanism: Issuer redemption
Redemption / exit model: Eligible Customers Only
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded

Classification and mechanism details

Reference kind: Fiat
Comparison category: Euro
Target value: Not yet recorded
Reference methodology: EURCV is redeemable one-to-one for euro by eligible holders.
Canonical backing types: Cash
Reserve component categories: Cash
Recorded model description: Fiat Backed E Money Token with Segregated Cash
Classification notes: MiCA-compliant euro e-money token.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Segregated euro cash collateralCash · Official materials describe cash collateral and daily disclosure.

Reserve profile

Disclosure status	Daily Public Reserves
Backing types	Cash
Summary	EURCV is backed by segregated euro cash collateral with public reserve disclosure.
As of	2026-06-15
Profile confidence	High

Disclosure status: Daily Public Reserves
Backing types: Cash
Summary: EURCV is backed by segregated euro cash collateral with public reserve disclosure.
As of: 2026-06-15
Profile confidence: High

Redemption profile

Current status	Eligible Customers Only
Settlement asset	EUR
Eligible parties	Onboarded customers and permitted holders.
Retail access	Eligible Customers and Partner Routes
Institutional access	Direct Issuer and Partner Routes
Minimum amount	Terms dependent.
Fee	Issuer and partner fees may apply.
Settlement time	Issuer processing dependent.
Regional limits	Permitted-holder and distribution restrictions apply.

Current status: Eligible Customers Only
Settlement asset: EUR
Eligible parties: Onboarded customers and permitted holders.
Retail access: Eligible Customers and Partner Routes
Institutional access: Direct Issuer and Partner Routes
Minimum amount: Terms dependent.
Fee: Issuer and partner fees may apply.
Settlement time: Issuer processing dependent.
Regional limits: Permitted-holder and distribution restrictions apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Societe Generale-FORGE	Reserve Disclosure	Cash	High

Ethereum

Active

Standard: ERC-20
Deployment type: Issuer- or institution-supported deployment
Contract or identifier: Identifier not recorded

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Issuer Native Fiat Token
Recorded status: Active
Change or proposal state: No separate change state recorded
Canonicality: Issuer-native deployment
Canonicality record state: Canonicality recorded
Verification state: Source-linked record; identifier not recorded
Contract identity state: Identifier not recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 0
Notes: Primary EURCV deployment.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

2 source identities · 4 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
CoinVertible Published Not yet recorded	Societe Generale-FORGE	Official documentation or product page Canonical: Official Website	Subject-controlled source	Primary source	Mica Emt, Active Product, Entity and Status, Cash Backing, Segregation, Daily Disclosure, Reserve Framework, One to One Redemption, Permitted Holders, Redemption	Archive index or wildcard	High
Societe Generale-FORGE launches CoinVertible Published 2023-04-20	Societe Generale-FORGE	Official statement or announcement Canonical: Official Launch Announcement	Subject-controlled source	Primary source	Launch date, Product Launch, Official Launch Date	Archive index or wildcard	High

Official documentation or product page

CoinVertible

High

Publisher: Societe Generale-FORGE
Published: Not yet recorded
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Mica Emt, Active Product, Entity and Status, Cash Backing, Segregation, Daily Disclosure, Reserve Framework, One to One Redemption, Permitted Holders, Redemption
Archive: Archive index or wildcard
Reliability: High

Official statement or announcement

Societe Generale-FORGE launches CoinVertible

High

Publisher: Societe Generale-FORGE
Published: 2023-04-20
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Launch date, Product Launch, Official Launch Date
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Permitted Holder and Distribution Scope	Current holder eligibility and partner distribution routes may change and are not exhaustively normalized.	Unknown after review	Medium	2026-06-15
Complete Network and Contract Map	Every current EURCV deployment and contract version is not normalized in this batch.	Unknown after review	Medium	2026-06-15

Permitted Holder and Distribution Scope

Current holder eligibility and partner distribution routes may change and are not exhaustively normalized.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-15

Complete Network and Contract Map

Every current EURCV deployment and contract version is not normalized in this batch.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-15

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2023-04-20SG-FORGE launches EUR CoinVertibleLaunch
2026-06-15EURCV remains active as a MiCA e-money tokenOther

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2023-04-20	SG-FORGE launches EUR CoinVertible	Launch and introduction	Launch	No lifecycle change	Not applicable
2026-06-15	EURCV remains active as a MiCA e-money token	Lifecycle review	Status Review	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.

Use these explainers to compare the legal, regulatory, reserve, redemption, or distribution questions connected to this record.

After MiCA: Which Stablecoins Can Europeans Actually Use?

A reviewed guide to EU/EEA stablecoin access, separating issuer status, platform state, customer scope, product functions, direct mint and redemption routes, payment rails, supported networks, and dates.

MiCA and Stablecoins

A beginner-friendly guide to EU stablecoin rules, the 2026 CASP transition deadline, and the different questions facing representative dollar, euro, and protocol-issued assets.

Network	Standard	Deployment type	Operational state	Contract or identifier
Ethereum	ERC-20	Issuer- or institution-supported deployment	Active	Identifier not recorded
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Issuer Native Fiat Token Recorded status Active Change or proposal state No separate change state recorded Canonicality Issuer-native deployment Canonicality record state Canonicality recorded Verification state Source-linked record; identifier not recorded Contract identity state Identifier not recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 0 Notes Primary EURCV deployment.