Profile
USDCV profile facts
USD CoinVertible (USDCV) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- U.S. dollar cash deposits held 1:1 in segregated accounts at The Bank of New York Mellon SA/NV and Societe Generale; holder claims are protected from other issuer creditors under French law, and reserve composition is disclosed daily by SG-FORGE.
- Peg mechanism
- Direct 1:1 redemption through SG-FORGE for EEA-resident holders after KYC/AML and sanctions checks; the issuer confirms receipt within five business days, and payment is due by the last business day of the month following the month controls are completed. Non-EEA holders have no direct issuer redemption right, and U.S. residents are excluded.
- Jurisdiction
- France / ACPR / EMI (MiCA)
- Proof of reserves
- Self-Reported PoR by SG-FORGE Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDCV quick answers
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What is USD CoinVertible (USDCV)?
USDCV is Societe Generale-FORGE's MiCA-regulated dollar stablecoin, backed by cash at BNY and Societe Generale; EEA holders have a direct 1:1 redemption right. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through SG-FORGE for EEA-resident holders after KYC/AML and sanctions checks; the issuer confirms receipt within five business days, and payment is due by the last business day of the month following the month controls are completed.
Is USDCV safe?
As of Oct 25, 2026, Pharos grades USDCV A- (81/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDCV?
Pharos records USDCV's reserves as of Oct 1, 2026 as 100% U.S. dollar cash deposits at BNY and Societe Generale. Reserve evidence: Self-Reported PoR by SG-FORGE. Pharos classifies the backing as Real-World Asset Backed.
Can USDCV be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem USDCV?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem USDCV for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
