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USD CoinVertible

Last Updated: September 8, 2025

Societe Generale-FORGE (SG-FORGE), issued USD CoinVertible (USDCV), the US dollar-denominated stablecoin designed to offer secure, programmable, and transparent liquidity, supporting a wide range of client activities including crypto trading, cross-border payments, on-chain settlement, foreign exchange, and collateral and cash management.

Background

SG-FORGE’s CoinVertible stablecoins adhere strictly to the European Markets in Crypto Assets (MiCA) regulatory framework and maintain full collateralization. The collateral composition and valuation backing USDCV are publicly disclosed on a daily basis on the SG-FORGE website. The collateral composition adheres to stringent eligibility criteria (e.g., minimum rating, liquidity). The reserves are 1:1 collateralized by cash deposits or high-quality securities, held in segregated accounts by authorized financial institutions.bThese assets are managed by independent fiduciaries and are not commingled with SG-FORGE’s general assets, ensuring full access to the value of tokens for users.

Launch

USDCV officially launched on June 10, 2025, on both the Ethereum and Solana public blockchains. Trading of USDCV was expected to start in early July 2025.

How does it work?

SG-FORGE’s CoinVertible stablecoins adhere strictly to the European Markets in Crypto Assets (MiCA) regulatory framework and maintain full collateralization. The collateral composition and valuation backing USDCV are publicly disclosed on a daily basis on the SG-FORGE website. The collateral composition adheres to stringent eligibility criteria (e.g., minimum rating, liquidity). The reserves are 1:1 collateralized by cash deposits or high-quality securities, held in segregated accounts by authorized financial institutions.bThese assets are managed by independent fiduciaries and are not commingled with SG-FORGE’s general assets, ensuring full access to the value of tokens for users.

 

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