EUR CoinVertible (EURCV) is a euro-pegged stablecoin launched by Société Générale–FORGE, fully backed by reserves and compliant with MiCA regulations.
Key Data
| Backing | Fully backed by bank deposits and high-quality liquid assets. |
| Reserve Reporting | Daily public disclosures of reserve composition and valuation. |
| Redemption | Designed for institutional use, facilitating faster and more cost-effective transactions, particularly in cross-border payments. |
| KYC Required | Yes |
| Peg Currency | EUR |
| Launched | 2023 |
Supported Networks
Use Cases
Overview
EUR CoinVertible (EURCV) is a stablecoin pegged to the euro, issued by Société Générale–FORGE. It is designed for institutional use, facilitating efficient cross-border transactions.
How It Works
Launched in April 2023 on the Ethereum blockchain, EURCV has expanded to multiple networks, enhancing its utility and accessibility.
Reserve Backing
The stablecoin is fully backed on a one-to-one basis by reserves consisting of bank deposits and high-quality liquid assets, with daily public disclosures of reserve composition and valuation.
Supported Networks
Initially launched on Ethereum, EURCV is now also deployed on Solana, XRP Ledger, and Stellar.
Related Coverage
Other EUR Stablecoins
Data source: CoinGecko ↗