what's CoinVertible?
CoinVertible is an institutional stablecoin issued by Societe Generale-FORGE, the digital assets subsidiary of the French bank Societe Generale. It represents a bridge between traditional finance and blockchain technology, allowing institutional clients to hold and transact in fiat-pegged digital assets on public blockchains. The project launched with EUR CoinVertible (EURCV) in 2023 on Ethereum, fully backed by euro reserves held in a segregated account, ensuring 1:1 redeemability and compliance with regulatory standards. The stablecoin operates as a permissioned deposit token, enabling efficient settlement and cash management for security tokens and other digital assets. It leverages the CAST framework for interoperability between traditional capital markets and blockchain ecosystems. In 2025, SG-FORGE expanded with USD CoinVertible (USDCV) on Ethereum and Solana, backed by USD reserves managed by custodians like BNY Mellon, with daily transparency on collateral composition via the official website. CoinVertible tokens are designed for institutional use, supporting instant transactions, yield-bearing options, and integration with DeFi while maintaining bank-grade security and auditability. Reserves are verified regularly, and the tokens can be minted/redeemed directly through SG-FORGE's platform.
Societe Generale's EURCV euro stablecoin listed on Ethereum and Solana networks.
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Limited-time EURCV boost campaign launched on February 25, 2026.
Integrated with Safe and Steakhouse-curated Morpho V2 vault for EURCV yield earning with non-custodial access, instant redemption, and EUR-denominated yield in self-custody.
EURCV euro stablecoin, issued by Societe Generale, receives new tokenized asset platform listing on Ethereum and Solana networks.
EURCV leads euro stablecoin gains alongside EURS and EURC according to Decta's "Euro Stablecoin Trends 2025" report, as the sector's market cap doubled and monthly transaction volume reached $3.8B (9x growth from $383M).
EURCV and USDCV stablecoins integrate with 1inch DEX with FlowDesk providing liquidity as new resolver.
EURCV supply on Ethereum grew by approximately 400% year-over-year.
First EUR-pegged permissioned bank deposit token launches on public blockchain
New USD-backed stablecoin launching on Solana, marking strategic shift from euro-focused EURCV.
Societe Generale launches USD-pegged stablecoin $USDCV on Ethereum and Solana with BNY Bank as custodian.
Bank-issued stablecoin shows lower adoption than Circle's EURC despite MiCA compliance.
Launched SG-FORGE €65.8M euro stablecoin EURCV on XRP Ledger, using Ripple Custody.
Societe Generale-backed stablecoin expanding to XRP Ledger from Ethereum and Solana.