Backed GOVIES 0-6 months EURO investment grade (bC3M) stablecoin analytics
Answer First
What is Backed GOVIES 0-6 months EURO investment grade (bC3M)?
bC3M is Backed's NAV-accreting tracker token for Amundi's short-dated Eurozone government bond UCITS ETF, KYC-gated and registered under Swiss DLT Act. The static profile records its Euro-denominated NAV accounting mechanism as: EUR-denominated NAV-accreting tracker token (not pegged to €1); price reflects the underlying short-term Eurozone government bond ETF NAV with continuous yield accrual; KYC-gated 1:1 primary mint and redemption via Backed; secondary...
Is bC3M safe?
bC3M holds a C- Safety Score grade (54/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Backed GOVIES 0-6 months EURO investment grade uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from The Network Firm / Chainlink Proof of Reserve; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Backed GOVIES 0-6 months EURO investment grade (bC3M) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro-denominated NAV.
AI summary / Updated Sep 7, 2026
bC3M is Backed Finance's EUR-denominated, NAV-accreting tracker certificate for the Amundi GOVIES 0-6 Months Euro Investment Grade UCITS ETF, KYC-gated and registered under the Swiss DLT Act, which makes it one of the few EUR-pegged RWA tokens in Pharos and economically the euro analogue of a Treasury-bond tracker. Same framework as bIB01, same KYC-gated primary issuance through Backed and KYC-gated redemption, same Uniswap / CoW secondary liquidity surfaces. Reserves are proven daily through a Chainlink Proof of...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Backed bC3M product disclosure and Backed proof-of-reserves methodology
- Collateral
- Tracker certificate fully backed by the AMUNDI ETF GOVIES 0-6 MONTHS EUROMTS INVESTMENT GRADE UCITS ETF, held in segregated custody and administered by Backed Assets (Jersey) Limited under Swiss DLT Act framework
- Peg Mechanism
- EUR-denominated NAV-accreting tracker token (not pegged to €1); price reflects the underlying short-term Eurozone government bond ETF NAV with continuous yield accrual; KYC-gated 1:1 primary mint and redemption via Backed; secondary liquidity on Uniswap and CoW Protocol
- Jurisdiction
- Jersey / JFSC / Swiss DLT Act registered uncertificated securities
- Proof Of Reserves
- Real-Time PoR by The Network Firm / Chainlink Proof of Reserve Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety bc3m-backed
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
bC3M quick answers
What is Backed GOVIES 0-6 months EURO investment grade (bC3M)?
bC3M is Backed's NAV-accreting tracker token for Amundi's short-dated Eurozone government bond UCITS ETF, KYC-gated and registered under Swiss DLT Act. The static profile records its Euro-denominated NAV accounting mechanism as: EUR-denominated NAV-accreting tracker token (not pegged to €1); price reflects the underlying short-term Eurozone government bond ETF NAV with continuous yield accrual; KYC-gated 1:1 primary mint and redemption via Backed; secondary...
Is bC3M safe?
bC3M holds a C- Safety Score grade (54/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Backed GOVIES 0-6 months EURO investment grade uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from The Network Firm / Chainlink Proof of Reserve; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs bC3M?
Pharos classifies bC3M backing as Real-World Asset Backed. Collateral, per the static profile: Tracker certificate fully backed by the AMUNDI ETF GOVIES 0-6 MONTHS EUROMTS INVESTMENT GRADE UCITS ETF, held in segregated custody and administered by Backed Assets (Jersey) Limited under Swiss DLT Act framework Reserve evidence: Real-Time PoR from The Network Firm / Chainlink Proof of Reserve.
Can bC3M be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for bC3M, when applicable, appear in the dossier below.
