EURCV (EURCV) Review
Société Générale-FORGE's MiCA euro stablecoin — the only EUR EMT backed by a G-SIB bank
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De un vistazo
EURCV is the euro stablecoin issued by SG-FORGE, the regulated crypto-asset subsidiary of Société Générale — one of France's four globally systemically important banks (G-SIB). It became MiCA-compliant on 1 July 2024 under an ACPR Electronic Money Institution license, after launching originally in April 2023 with a whitelist-only model. Reserves of approximately €106M sit segregated at Société Générale itself, with composition disclosed daily on sgforge.com. Live on Ethereum, Solana, XRP Ledger, and Stellar. Market cap grew +200% YoY in 2026 after SWIFT integration and Bpifrance adoption.
Italian and EU treasury teams that need bank-issued euro digital cash, institutional users who value G-SIB counterparty over fintech (Circle) or offshore (Tether) issuers, and settlement workflows touching SWIFT (integrated January 2026) or French public finance (Bpifrance).
You need deep DeFi liquidity today (EURC has 3-4x more across Aave/Curve, and Aave V3 does not list EURCV). You're a small retail user wanting 1:1 direct redemption — that's institutional-only via SG-FORGE; retail goes via Bitpanda or Bullish. You need broad CEX availability beyond Bitpanda and Bullish.
Datos rápidos
- Ticker
- EURCV
- Issuer
- Société Générale-FORGE (SG-FORGE)
- Peg
- EUR
- Backing
- fiat collateralized
- Market cap
- $129M
- Chains
- 4
- Attestation
- monthly
- Fiat redeem
- Yes
Desglose de puntaje Skrumble
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Auditors / attestors
- · HACKEN (smart contract security, per-chain deployment)
- · Daily issuer-published reserve disclosure (no Big-Four monthly attestation)