What is the EURCV Token?

Overview

Key Features

• Type: Stablecoin (ERC-20, migrating/multichain to Solana and XRP Ledger in 2025)
• Peg: 1:1 to the Euro (EUR)
• Collateralization: Fully backed by Euros held in segregated accounts under the custody of Societe Generale. The collateralization ratio is maintained at 100%2.
• Regulation: EURCV qualifies as an e-money token and is fully compliant with the European Markets in Crypto Assets Regulation (MiCA). SG-Forge is licensed as an electronic money institution with the French regulator ACPR23.
• Redemption: Holders can redeem EURCV for Euros at par value (1 EURCV = 1 EUR) at any time, subject to issuer guidelines and AML/KYC restrictions2.
• Use Cases: Initially, EURCV was designed for use within SG Markets for institutional clients, but it now supports free transferability on public blockchains without whitelisting restrictions, facilitating payments, on-chain settlements, and DeFi activity34.
• Exchange Listing: EURCV is available on Bitstamp, where users can trade or redeem it for Euros2.

Technical and Operational Notes

• Supply: As of late January 2025, the total token supply is approximately 40.19 million EURCV, with most of the supply held by a small number of addresses (institutional concentration).
• Smart Contract Controls: The issuer holds privileged access, allowing functions such as minting, pausing, freezing addresses, and rejecting transfers. Blacklisted addresses (suspected of illegal activity) may be frozen, complying with regulatory obligations.
• Multichain Expansion: Deployment to Solana and XRP Ledger is planned for 2025, expanding EURCV’s reach and utility in DeFi and payments ecosystems. Ripple’s custody solution is used on XRPL34.

Summary Table