EUR CoinVertible (EURCV) is a stablecoin pegged to the value of the euro fiat currency. It was launched in April 2023 by Société Générale – FORGE, a crypto asset-focused subsidiary of Société Générale, one of France’s largest banks (1).
Key Features
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- Ethereum-based: EURCV is an ERC20 token issued on the Ethereum blockchain network (1).
- Fiat-backed: SG-FORGE ensures that all EURCV tokens are backed by bank cash deposits or high-quality securities on a 1:1 basis (1).
- Regulatory compliance: EURCV is designed in accordance with the French legal framework applicable to digital assets (1).
- Whitelisting: Transfers of EURCV can only occur between Ethereum addresses whitelisted by SG-FORGE, ensuring robust compliance controls
(1).