USD CoinVertible (USDCV) stablecoin analytics
Answer First
What is USD CoinVertible (USDCV)?
USDCV is Societe Generale-FORGE's MiCA-regulated U.S. dollar stablecoin, redeemable 1:1 against cash and HQLA segregated at BNY Mellon. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through SG-FORGE
Is USDCV safe?
USDCV holds a B+ Safety Score grade (78/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says USD CoinVertible uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from SG-FORGE; 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
USD CoinVertible (USDCV) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 7, 2026
SocGen-FORGE's USDCV is MiCA-regulated bank-issued plumbing: 100% USD cash in segregated accounts at BNY Mellon's Belgian entity and Societe Generale, an ACPR-regulated EMI licence, statutory segregation with a pro-rata holder claim, and a reserve page the issuer updates daily. That last point is the catch. The reserve could hardly be simpler, but the disclosure is self-reported rather than independently examined, and backing is the weakest of the three pillars on the report card. The exit pillar leads the card...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- U.S. dollar cash deposits and high-quality liquid assets held 1:1 in segregated accounts at Bank of New York Mellon (BNY), managed by independent fiduciaries and bankruptcy-remote from SG-FORGE; daily public disclosure of reserve composition
- Peg Mechanism
- Direct 1:1 redemption through SG-FORGE
- Jurisdiction
- France / ACPR / EMI (MiCA)
- Proof Of Reserves
- Self-Reported PoR by SG-FORGE Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdcv-societe-generale-forge
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.
USDCV quick answers
What is USD CoinVertible (USDCV)?
USDCV is Societe Generale-FORGE's MiCA-regulated U.S. dollar stablecoin, redeemable 1:1 against cash and HQLA segregated at BNY Mellon. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through SG-FORGE
Is USDCV safe?
USDCV holds a B+ Safety Score grade (78/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says USD CoinVertible uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from SG-FORGE; 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 USDCV?
Pharos classifies USDCV backing as Real-World Asset Backed. Collateral, per the static profile: U.S. dollar cash deposits and high-quality liquid assets held 1:1 in segregated accounts at Bank of New York Mellon (BNY), managed by independent fiduciaries and bankruptcy-remote from SG-FORGE; daily public disclosure of reserve... Reserve evidence: Self-Reported PoR from SG-FORGE.
Can USDCV 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 USDCV, when applicable, appear in the dossier below.
