USD CoinVertible (USDCV) represents a new generation of regulated stablecoins designed for institutional and on-chain financial operations. Issued by Societe Generale-FORGE (SG-FORGE), a subsidiary of the French banking group Societe Generale, USDCV brings together the trust and transparency of traditional finance with the efficiency and programmability of blockchain technology.
Key Features of USD CoinVertible
- Issuer: Societe Generale-FORGE (SG-FORGE)
- Backing: 100% cash reserves held at the Bank of New York Mellon Corporation (BNY)
- Redeemability: 1:1 for U.S. dollars
- Blockchain Availability: Ethereum (ERC-20), Solana, XRPL, and Stellar
- Transparency: Fully auditable and redeemable under regulated financial frameworks
Alongside its euro-pegged counterpart, EUR CoinVertible (EURCV), USD CoinVertible is part of SG-FORGE’s broader mission to build secure, compliant, and interoperable digital assets for institutional adoption in the Web3 economy.
Fully Backed and Transparent
Each USD CoinVertible is fully backed by cash deposits held in segregated accounts at BNY Mellon, one of the world’s largest and most reputable custodians. This structure ensures that USDCV maintains its 1:1 parity with the U.S. dollar and provides holders with confidence in its stability and liquidity.
Similarly, the EUR CoinVertible (EURCV) is backed by reserves held at Societe Generale, supporting a euro-denominated stablecoin that meets the same standards of security and transparency.
Built for Institutional Adoption
As part of SG-FORGE’s regulated infrastructure, USD CoinVertible is engineered to support a wide range of use cases in digital finance, tokenized securities, and settlement systems. Its design adheres to strict compliance standards, making it suitable for financial institutions, corporates, and blockchain-native entities seeking regulated digital payment instruments.
By offering cross-chain compatibility on major networks like Ethereum, Solana, XRPL, and Stellar, CoinVertible tokens are designed for interoperability and scalability, enhancing their utility across both DeFi and traditional financial applications.
Societe Generale-FORGE: Bridging Traditional and Decentralized Finance
SG-FORGE is a pioneer in integrating blockchain technology into traditional financial services. Its CoinVertible initiative represents a significant milestone in the evolution of regulated digital currencies, aligning with global movements toward greater institutional adoption of blockchain-based settlement assets.
The introduction of USD CoinVertible and EUR CoinVertible underscores SG-FORGE’s commitment to building a bridge between traditional banking systems and decentralized finance (DeFi) infrastructures, offering secure, compliant, and transparent pathways for digital transactions.
Conclusion
USD CoinVertible (USDCV) sets a new benchmark for regulated, fiat-backed stablecoins in the blockchain ecosystem. With full reserve backing, multi-chain support, and issuance by a globally recognized financial institution, USDCV provides a trusted digital currency solution for enterprises and investors navigating the next phase of financial digitization.