EUR CoinVertible (EURCV) is a fiat-backed euro stablecoin issued by Societe Generale-FORGE. It has about $212M in circulation, ranking #35 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
EURCV price
€1.0001
On peg Circulating supply
$212M
30-day change
+7.0%
Price
€1.0001
Blockchains
4
Tracked since
Oct 2023
What is EURCV?
EUR CoinVertible (EURCV) is a fiat-backed euro stablecoin issued by Societe Generale-FORGE. It has about $212M in circulation, ranking #35 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Issued by the digital-assets arm of French bank Societe Generale.
In the issuer's words: EUR CoinVertible (EURCV) is a fully collateralized, regulatory-compliant stablecoin issued by Societe Generale-FORGE to bridge traditional finance and public blockchains.
EURCV supply history
$194M$0
Oct 8, 2025Oct 8, 2026
$194M$0
Oct 28, 2023Oct 8, 2026
EURCV supply grew 7.0% over the past 30 days, to $212M. It is at or near its all-time high.
Is EURCV holding its peg?
Last price
€1.0001
Target
1.0000 EUR
Status
On pegEURCV is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where EURCV lives: supply by blockchain
Supply is concentrated: Ethereum holds 84% of all EURCV. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURCV is backed
EURCV is backed by euro cash and cash equivalents.
Minting and redemption: EURCV is minted and redeemed by authorized institutions through SG-FORGE’s infrastructure, where fiat deposits back on-chain issuance and redemptions trigger equivalent fiat withdrawals.
Reserve reports and audits: sgforge.com
EURCV risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
EURCV vs USDT and USDC
Similar fiat-backed stablecoins
See all →
EURCV in the news
EURCV FAQ
What is EURCV?
EUR CoinVertible (EURCV) is a fiat-backed euro stablecoin issued by Societe Generale-FORGE. It has about $212M in circulation, ranking #35 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is EURCV pegged 1:1 to the euro?
EURCV targets 1 EUR. At the last update it traded at €1.0001, a deviation of +0.01%, which we classify as "on peg".
What backs EURCV?
EURCV is a fiat-backed stablecoin. Euro cash and cash equivalents.
Which blockchains is EURCV on?
EURCV is live on 4 blockchains. The largest by supply are Ethereum ($159M), Stellar ($16.8M), XRPL ($11.2M).
How much EURCV is in circulation?
About $212M of EURCV was in circulation at the last update, +7.0% over 30 days. That makes it the #35 stablecoin by supply among those we track.
Does EURCV pay interest?
No. EURCV does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by EURCV.
Is EURCV safe?
No stablecoin is risk-free. As a fiat-backed design, EURCV's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.