# SG-FORGE Stablecoin Issuer

> SG-FORGE: stablecoin issuer profile with licences checked against regulator registers, reserves, attestations, official partners and Regulatory Compliance…

Canonical: https://stableradar.com/issuer/sgforge
Generated: 2026-11-11T18:58:28.018Z (live figures are a snapshot at build time; see the canonical page for current values)

← All issuers

SG-FORGE

EURCV · USDCV · Puteaux, France

Compliance Score

40 / 100 · weighted from public, sourced inputs · 81% of inputs available

Legal entity

Société Générale - Forge (France), LEI 969500FX8K40ZDW4F377; subsidiary of Société Générale

Token record

EURCV

Société Générale - Forge (LEI 969500FX8K40ZDW4F377) · ACPR · Electronic money institution

Register ticks on this page

1 of 2 licence rows link to a regulator's own public register (2 authorised on record). Only those rows carry a tick.

1:1 peg · live

EURCV

On peg

$1.1093

vs €1.00

+4.3 bps (0.04%)

7-day sparkline · updated 2m ago · median of CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/societe-generale-forge-eurcv)

Licences · 2 on record

[](https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv)Featured licence · Verified on ACPR record

MiCA e-money token issuer

MiCA e-money token issuer — EURCV white paper notified 01/07/2024 (ESMA EMT register); credit/e-money institution supervised by ACPR

Official ACPR source ↗

Leadership

No public data

Source: [sgforge.com ↗](https://www.sgforge.com/product/coinvertible/) (issuer site)

Issuer profile REFERENCE · issuer profile · as of 2026-10-26

# SG-FORGE 1 Verified
**In short:** SG-FORGE issues EURCV, USDCV. Issuing entity: Société Générale - Forge (France), LEI 969500FX8K40ZDW4F377; subsidiary of Société Générale. Headquarters: Puteaux, France. Status: Active. Licences on record: 2 (2 authorised; 1 confirmed on a regulator's official public register). Reserve reports: daily disclosure (No public data). Reference data as of 2026-10-26.

Status Active

Verification Pending

Coverage Experimental

Licences **2 / 2**authorised / on record

SRS ILLUSTRATIVE **62**StableRadar Score, sample method

Profile as of **2026-10-26**

Regulatory Compliance Score

Weighted from public, sourced inputs · 81% of inputs available

Not legal advice; algorithmic assessment from public sources.

EURCV peg · 7 days

Pins: computed 7d high/low. No reference events dated within this window.

Peg deviation (live)

+4.3 bps

Supply 30d → now (DefiLlama)

24h volume (CoinGecko)

$21.2M

Chains with supply

### 
#### Company
- HQ **Puteaux, France**

- Founded **EURCV 2023 (Ethereum)**

- Model **Fiat-backed (EUR, EMT)**

- Website **www.sgforge.com ↗**

#### Products & supply LIVE
- EURCV **$190.6M · 4.3 bps**

- Total (CoinGecko) **$190.6M**

### 
Ethereum

$159.5M

84.6%

Stellar

$16.7M

8.8%

XRPL

$11.1M

5.9%

Solana

$1.3M

0.7%

Supply by chain · DefiLlama (live)

### 
REFERENCE · issuer official site · as of 2026-10-26

sgforge.com

### 
REFERENCE · issuer official site · as of 2026-10-26

Not checked yet for sgforge.com.

### 
REFERENCE · regulator registers / issuer disclosures · as of 2026-10-26

Confirmed by regulator register · always shown

| Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence |
| --- | --- | --- | --- | --- | --- |
| **EU-FR** | ACPR | MiCA e-money token issuer — EURCV white paper notified 01/07/2024 (ESMA EMT register); credit/e-money institution supervised by ACPR | 01/07/2024 | Authorized | [Verified](https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv)[](https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv) |

| Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence |
| --- | --- | --- | --- | --- | --- |
| **EU-FR** | AMF | MiCA CASP (custody, transfers; order execution since 24 Feb 2026) — per SG-FORGE | 23 Oct 2025 (per SG-FORGE) | Authorized | [Reported](https://www.sgforge.com/legal-information/) |

### 
- Assurance **Daily circulation and collateral disclosure; 100% cash collateral, segregated and bankruptcy-remote (per SG-FORGE)**

- Audit / attestation firm **No public data**

- Frequency **Daily disclosure**

- Composition (per issuer) **Cash collateral (EUR)**

- Custodians **Société Générale**

- Latest disclosed **170,545,078.68 EURCV in circulation, 27/10/2026 (per SG-FORGE)**

- Evidence **report ↗**

### 
3 Nov 2026

EUR CoinVertible (EURCV) listed on Kraken. Societe Generale acts as one of the liquidity providers; later integration in Kraken crypto derivatives as the cash leg for collateral is expected (per company).

Company source ↗

11 Aug 2025

USD CoinVertible (USDCV) e-money token white paper. SG-FORGE USDCV listed in the ESMA interim register of e-money token white papers; white paper v2.0 (Ethereum, Solana) dated 11 Aug 2025.

Official source ↗

USDCV white paper (PDF) ↗

### 
#### Redemption terms
Redemption at par for holders per MiCA EMT rules (see white paper)

#### Controls: freeze / clawback / admin
- freeze **No public data**

- clawback **No public data**

- multisig **No public data**

- upgrade **No public data**

### Frozen / blacklisted / seized
No public freeze/blacklist statistics found.

### 
REFERENCE · issuer newsroom / official government sites · as of 2026-10-26

Official newsroom not yet checked for this issuer.

### 
No public info.

### 
None on record in our reference set.

### 
No public info.

### 
Société Générale (parent / collateral bank)

### 
### Legal status per token
EURCV

Regulator-confirmed token authorisation

(1) Entity licence / registration

Société Générale - Forge (LEI 969500FX8K40ZDW4F377)

ACPR · Electronic money institution

esma.europa.eu ↗

(2) Authorisation to issue this token

EU (MiCA EMT)

ESMA EMT register row: Société Générale - Forge, electronic money institution, sgforge.com white paper

esma.europa.eu ↗

(3) Applicable law

MiCA — Regulation (EU) 2023/1114 ↗

Last checked 27 Oct 2026

### Lending & collateral
DeFi lending markets

Live

Loading live markets…

### Official contract addresses
No address confirmed on an official issuer page yet — none shown.

Mainnet addresses copied from the issuer's official page (checked —); explorer links are the ones the issuer lists. Always verify against the issuer's page; never send funds to addresses received in messages.

Reference fields compiled 2026-10-26 from linked sources. Items marked “verify” or “per issuer” are not independently confirmed. Not legal or investment advice.

Last updated: 11 Nov 2026, 18:57 UTC (live data) · reference data as of 2026-10-26 · Sources: Regulator public registers & issuer disclosures (linked per item), [CoinGecko](https://www.coingecko.com/), [DefiLlama](https://defillama.com/stablecoins)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)