Question 1

What is CoinVertible?

Accepted Answer

CoinVertible is a stablecoin initiative developed by Société Générale–FORGE (SG-FORGE), a regulated subsidiary of the Société Générale group. The project issues electronic money tokens (EMTs) — USD CoinVertible (USDCV) and EUR CoinVertible (EURCV) — each pegged 1:1 to their respective fiat currencies and backed by fully segregated reserves held at BNY Mellon (USD) and Société Générale (EUR).

The tokens are available on public blockchains including Ethereum (ERC-20) and Solana, and are designed to operate within both traditional financial systems and decentralised finance (DeFi) infrastructure. CoinVertible is fully compliant with the European Markets in Crypto-Assets Regulation (MiCA), effective since July 2024.

SG-FORGE is licensed by the French ACPR as an Electronic Money Institution, authorised as an investment firm, and registered as a Digital Asset Service Provider (DASP/PSAN) with the AMF. The CoinVertible tokens are aimed at institutional use and financial infrastructure applications.

Question 2

What is EUR CoinVertible (EURCV) token used for?

Accepted Answer

EUR CoinVertible (EURCV) is a euro-backed electronic money token designed for use in institutional and digital financial activities. It offers blockchain-based access to a fiat-denominated stable asset and is used primarily by corporates, financial intermediaries, and regulated platforms.

Its key use cases include:

- **Cross-border payments** with near-instant settlement.
- **Digital payments** across crypto-native or tokenised ecosystems. 
- **After-hours settlement**, enabled by 24/7 blockchain availability. 
- **Currency hedging** and euro-denominated value storage.
- **DeFi integration**, enabling collateralisation, lending, or liquidity provisioning.
- **Smart contract execution** in euro terms.
- **Real-time FX operations** when used with other CoinVertible tokens such as USDCV.

Institutional users can subscribe to EURCV by transferring euros to SG-FORGE, receiving an equivalent amount of tokens. Redemption is available 1:1 for euros to eligible EEA-based holders, either directly or via designated partners like Bitstamp.

Question 3

Who created EUR CoinVertible (EURCV)?

Accepted Answer

EURCV is issued by Société Générale–FORGE (SG-FORGE), a wholly owned subsidiary of Société Générale. Incorporated in March 2020, SG-FORGE operates under French regulation as an Electronic Money Institution, investment firm, and Digital Asset Service Provider.

Leadership includes:
- **Jean-Marc Stenger** – Chief Executive Officer (CEO)  
- **Stéphane Duzan** – Chief Operating Officer (COO)  
- **David Durouchoux** – Head of Primary Markets

SG-FORGE manages issuance, compliance, and collateral custody. The tokens and operations are fully integrated within the broader infrastructure of Société Générale.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	EURCV-USDC EURCVUSDC	bullish	AA	1.12USDC	-0.24%	5,106,363.02EURCV	87,631	1.12USDC	1.12USDC
2	EURCV-USDT eurcvusdt	bitstamp	AA	1.12USDT	0.00%	0EURCV	0	1.12USDT	1.12USDT
3	EURCV-USDC eurcvusdc	bitstamp	AA	1.12USDC	0.00%	0EURCV	0	1.12USDC	1.12USDC
4	EURCV-EUR eurcveur	bitstamp	AA	0.9998EUR	0.00%	0EURCV	0	0.9998EUR	0.9998EUR
5	EURCV-EUR EURCVEUR	bit2me	B	0.9998EUR	0.00%	32.27EURCV	3	0.9998EUR	0.9998EUR
6	EURCV-EUR EURCV-EUR	bitvavo	B	0.9998EUR	0.00%	0EURCV	0	0.9998EUR	0.9998EUR