---
title: "EUR CoinVertible (EURCV) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/eurcv-societe-generale-forge/"
description: "Build-time stablecoin profile for EUR CoinVertible (EURCV). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# EUR CoinVertible (EURCV)

**Peg:** Euro

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

EURCV is SG-FORGE's MiCA EUR stablecoin; reserves held in EUR cash at SocGen itself, top institutional safety with thin DEX liquidity. EUR CoinVertible is issued by SG-FORGE, the digital asset arm of a systemically important European bank, with reserves held 100% in euro cash at Société Générale itself — institutional-top {{term:custody}}custody{{/term}} that earns the highest marks available in both resilience and dependency risk. The B safety grade makes EURCV one of the highest-rated euro stablecoins on Pharos, held back primarily by the expected F in decentralization — an inevitable trade-off when a 160-year-old bank decides to issue tokens on public blockchains. The DEWS stress reading is among the lowest on the entire dashboard, suggesting the product is operationally serene despite the thin DEX liquidity that plagues most euro stablecoins. Deployed across Ethereum, XRPL, Stellar, and Solana with MiCA EMI licensing from France’s ACPR, whether EURCV is the future of tokenized money or a corporate innovation lab’s pet project depends on whether SocGen commits distribution resources that match its regulatory credentials. Direct 1:1 {{term:redemption}}redemption{{/term}} runs through SG-FORGE.

## Collateral

Euro-denominated cash deposits and high-quality securities held in a segregated fiduciary estate at Societe Generale, with daily public disclosure of reserve composition

## Peg Mechanism

Direct 1:1 redemption through SG-FORGE

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| France | ACPR | EMI (MiCA) |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x5f7827fdeb7c20b443265fc2f40845b715385ff2` | 18 |
| xrpl | `4555524356000000000000000000000000000000.rUNaS5sqRuxZz6V7rBGhoSaZiVYA3ut4UL` | 0 |
| stellar | `GCEYGIVOLAVBF2TG2RUSGTUJCIN75KEX3NGLMY4VPL4GFE5L355AXW3G` | 7 |
| solana | `DghpMkatCiUsofbTmid3M3kAbDTPqDwKiYHnudXeGG52` | 2 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/eurcv-societe-generale-forge.