EUR CoinVertible wallet

What is EUR CoinVertible (EURCV)?

EUR CoinVertible (EURCV) is a euro stablecoin issued by SG-FORGE, the digital-asset subsidiary of the French bank Societe Generale. Each token is redeemable at par for one euro from the issuer, and the reserve of bank deposits and high-quality securities is held by a fiduciary, segregated from the issuer's own assets. It is issued as an e-money token under the EU MiCA regime, which is the main thing that separates it from most euro-pegged tokens: the issuer is a licensed, supervised entity, and the token contract is administered by that issuer under its regulatory obligations.

One detail worth knowing about its history: EURCV started life as a permissioned token. In its early period only allowlisted institutional addresses could hold or receive it. That restriction was later lifted, and the token now moves between ordinary self-custody addresses like any other ERC-20. If you come across older material saying EURCV could only be held by allowlisted addresses, it describes the old state, not the current one.

How it lives on each network

EURCV is not a single object; it is issued natively on more than one chain, and each issuance is a separate balance.

• On Ethereum it is an ERC-20, and every transfer is paid in ETH, not in EURCV.
• On Solana it is an SPL token: your wallet needs a token account for it, and fees plus the small account rent are paid in SOL.
• On XRPL it is an issued currency: receiving it requires a trust line to the issuer, which locks a little XRP as reserve, and sends cost XRP.

So a holder of EURCV always needs a small amount of the network's own coin next to it, and needs to know which chain a given balance is on before sending it anywhere.

Supported networks in Tangem (3): Ethereum, XRP Ledger, Solana.

Because the same ticker exists on several chains, the Tangem app shows EURCV as a separate balance per network and states the outgoing network on every transfer before the card signs, with ETH, SOL or XRP for fees held in the same wallet. For a bank-issued euro token that a holder may keep for years and move only occasionally, having each chain's balance clearly separated in one place is the practical reason to keep EURCV on a Tangem card.