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December 17, 2025.
Amsterdam-based cryptocurrency exchange Bitvavo has listed EUR CoinVertible (EURCV) and USD CoinVertible (USDCV), two institutional-grade stablecoins issued by Société Générale-FORGE (SG-FORGE).
The partnership enables Bitvavo users to trade and hold these fully MiCA-regulated electronic money tokens (EMTs), backed 1:1 by segregated cash reserves.
Key Takeaways
- Bitvavo adds MiCA-compliant EURCV and USDCV for regulated stablecoin access.
- EURCV backed by euro cash at Société Générale; USDCV by USD cash at BNY Mellon.
- Tokens enable secure on-chain trading, payments, and hedging under EU rules.
- Listing boosts institutional-grade options amid rising MiCA stablecoin dominance in Europe.
- Users gain transparent, redeemable 1:1 stablecoins from major bank issuer.
Key Details
- Issuer: SG-FORGE, the digital assets subsidiary of Société Générale Group, licensed as an electronic money institution under MiCA by the French ACPR.
- Assets:
- EURCV: Euro-pegged, reserves held at Société Générale.
- USDCV: USD-pegged, reserves custodied at Bank of New York Mellon.
- Compliance: Both tokens adhere to EU MiCA Regulation (EU) 2023/1114, ensuring transparency, reserve segregation, and redeemability.
- Availability: Trading pairs include EURCV/EUR and USDCV/EUR on Bitvavo platform.
- Backing: 100% cash reserves, no bonds or other instruments.
Conclusion
Bitvavo's listing of EURCV and USDCV expands access to bank-issued, MiCA-compliant stablecoins, strengthening regulated digital asset options in Europe.
Read Next:
- Best Stablecoins for Cross-Border Payments in 2025
- The Role of Stablecoins in Monetary Policy Transmission
- The Neobank Transition Report
FAQs:
1. What are EURCV and USDCV?
EURCV is a euro-pegged stablecoin; USDCV is USD-pegged. Both issued by SG-FORGE as MiCA-compliant electronic money tokens.
2. Are EURCV and USDCV fully regulated?
Yes, compliant with EU MiCA regulation, with reserves segregated and audited.
3. How are reserves managed?
EURCV reserves at Société Générale; USDCV at BNY Mellon – 100% cash backing.
4. Can I trade EURCV and USDCV on Bitvavo?
Yes, via EUR pairs; deposits, withdrawals, and trading now live.
5. What benefits do these stablecoins offer?
Institutional reliability, MiCA protection, 1:1 redeemability, and blockchain efficiency.
Disclaimer:
This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice; no material herein should be interpreted as a recommendation, endorsement, or solicitation to buy or sell any financial instrument, and readers should conduct their own independent research or consult a qualified professional.
