EUR CoinVertible
EURCV
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
EURCV (EUR CoinVertible) is a euro-denominated institutional stablecoin issued by SG-FORGE, the digital asset subsidiary of Societe Generale. The project demonstrates bank-grade institutional standards, featuring full compliance under the European MiCA regulation as an Electronic Money Institution (EMI), Tier-1 custody with BNY Mellon, and 1:1 segregated reserve backing. Active development is steady with multichain expansions across Solana, XRPL, and Stellar, alongside comprehensive smart contract audits conducted by Hacken. Tokenomics and governance reflect a traditional financial architecture: supply is minted on demand, transfers and redemptions are whitelist/KYC-permissioned, and decision-making is fully centralized within SG-FORGE. Community support scores low (1.5/10) intentionally due to the lack of retail governance, DAO structures, or social chat channels, which is standard for an institutional RWA instrument. No security incidents, hacks, depegs, or regulatory enforcement actions were identified. The overall score of 6.6 is the exact weighted average across all six evaluation sections with no data gaps or red-flag score caps applied.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About EUR CoinVertible (EURCV)
EUR CoinVertible (EURCV) is a euro-denominated, fiat-backed institutional stablecoin issued by SG-FORGE, the digital-asset subsidiary of French financial institution Societe Generale. Operating primarily on Ethereum with deployments to Solana, XRPL, and Stellar (Soroban), EURCV is designed as an institutional settlement and payment asset. The token functions under the European Union's Markets in Crypto-Assets (MiCA) regulation as an Electronic Money Token (EMT), with SG-FORGE licensed as an Electronic Money Institution (EMI) by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR).
The token employs a mint-on-demand model with no fixed maximum supply, expanding and contracting based on deposits from eligible institutional participants. EURCV is collateralized 1:1 by cash and high-quality liquid securities held in segregated, bankruptcy-remote accounts with Tier-1 custody providers, including Bank of New York Mellon. Smart contracts across its deployed blockchains have undergone independent audits conducted by security firm Hacken.
EURCV's architecture is centralized and permissioned by design. Issuance, redemption, and transfers are restricted to whitelisted participants who undergo KYC and AML onboarding via SG-FORGE. The project maintains no decentralized governance, DAO structure, or public community chat channels. As a result, token holders are subject to centralized single-issuer counterparty exposure and strict transfer gating, which limits integration with open, permissionless decentralized finance (DeFi) protocols.