Deployments · SG-FORGE CoinVertible · platform by Societe Generale-FORGE

SG-FORGE EUR CoinVertible (EURCV)Updated 7 Nov 2026

A euro stablecoin issued by Societe Generale's digital assets arm, SG-FORGE, on public blockchains. It launched on Ethereum in April 2023 for the bank's institutional clients, was restructured in mid-2024 as a MiCA e-money token that can be transferred freely, and has since been issued on Solana, Stellar and the XRP Ledger. About 187 million tokens were in circulation in October 2026, mostly on Ethereum.

Live (limited) since 1 Jul 2024^[3]i — Freely transferable and exchange-listed since mid-2024, but supply remains in the low hundreds of millions of euros and it is not offered to US persons. Recorded as live (limited) rather than scaled. · Reviewed 25d ago i

Assets

Stablecoin^[3]

Euro e-money token under MiCA backed by bank deposits or high-quality securities

Networks

Ethereum Public, permissionless^[2]

Solana Public, permissionless^[5]

Stellar Public, permissionless^[5]

XRP Ledger Public, permissionless^[4]

Use cases i

Primary issuance^[5]

Jurisdictions

France, European Union

Participants

• Societe Generale-FORGEPlatform provider, Issuer, Operator^[3]France
• Société GénéraleIssuer, Custodian^[2][7]France
• WintermuteDistributor^[3]United Kingdom
• BitstampDistributor^[3]Luxembourg
• RippleCustodian^[4]United States
• BitvavoDistributor^[8]Netherlands
• Bit2MeDistributor^[9]Spain
• BitpandaDistributor^[10]Austria
• Deutsche BoerseDistributor^[11]Germany
• BpifranceClient or user^[12]France

Operates under

• MiCA e-money token issuers notified on ESMA's interim register (selected holders)European Union · Product or firm authorisation^[1]
• Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114European Union · Primary legislation^[3][6]

Assets

• IssuesEUR CoinVertible (EURCV)^[3]

Metrics i

• ~€166.43mTokens in circulation · as of 11 Oct 2026^[5]
  On-chain via DefiLlama: sum of per-chain euro balances. Corrected 2026-10-11: the earlier total was DefiLlama's summary figure, which is in US dollars.
• ~€139.82mTokens in circulation · as of 11 Oct 2026 · on Ethereum^[5]
  On-chain via DefiLlama.
• ~€15.03mTokens in circulation · as of 11 Oct 2026 · on Stellar^[5]
  On-chain via DefiLlama.
• ~€10mTokens in circulation · as of 11 Oct 2026 · on XRP Ledger^[5]
  On-chain via DefiLlama.
• ~€1.77mTokens in circulation · as of 11 Oct 2026 · on Solana^[5]
  On-chain via DefiLlama.
• ~€171.46mSupply on chain (daily) · as of 7 Nov 2026^[13]
  Automated daily reading of on-chain supply across all chains.
• ~€145.42mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum^[13]
  Automated daily reading.
• ~€15.03mSupply on chain (daily) · as of 7 Nov 2026 · on Stellar^[13]
  Automated daily reading.
• ~€1.02mSupply on chain (daily) · as of 7 Nov 2026 · on Solana^[13]
  Automated daily reading.
• ~€10mSupply on chain (daily) · as of 7 Nov 2026 · on XRP Ledger^[13]
  Automated daily reading.

Timeline

1. Happened 18 Feb 2026 · Scope expansion · recorded 11 Oct 2026
   EURCV goes live on the XRP Ledger, its third public chain after Ethereum and Solana by the issuer's count.^[4]
2. Happened 1 Jul 2024 · Regulatory approval · recorded 11 Oct 2026
   Restructured as a MiCA e-money token with free transferability; Wintermute added as liquidity provider.^[3]
3. Happened 20 Apr 2023 · Launch · recorded 11 Oct 2026
   EURCV issued on Ethereum, available only to institutional investors onboarded by Societe Generale.^[2]

Sources i