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View ChartUSD CoinVertible (USDCV) is a fiat-backed stablecoin issued by SG-FORGE (Societe Generale-Forge), the crypto-asset subsidiary of the Societe Generale Group. It is structured as an Electronic-Money Token (EMT) and maintains a strict 1:1 peg to the U.S. dollar. Each USDCV is fully backed by 100% segregated collateral assets, with collateral composition and valuation publicly disclosed on a daily basis. The token was launched on June 25, 2025, and is fully compliant with the European Markets in Crypto-assets (MiCA) regulation from launch. USDCV is initially deployed on Ethereum and Solana, with the broader CoinVertible framework also covering XRPL and Stellar. It represents the second stablecoin from SG-FORGE, following EUR CoinVertible (EURCV), and is positioned as an institutional-grade digital asset bridging traditional finance and blockchain ecosystems.
USD CoinVertible is issued by SG-FORGE (Societe Generale-Forge), the digital asset subsidiary of the Societe Generale Group, one of Europe's leading banks with over 25 million clients worldwide and nearly 160 years of history. Jean-Marc Stenger serves as Chief Executive Officer of SG-Forge. The project also involves collaboration with BNY (Bank of New York Mellon), which acts as reserve custodian for USDCV, combining its role as the world's leading custodian with deep experience in digital assets. Carolyn Weinberg, Chief Product and Innovation Officer at BNY, has commented on the transformative potential of stablecoins in the cash market. SG-FORGE operates as a regulated electronic money issuer, investment firm, and crypto-asset service provider, licensed as an Electronic Money Institution (EMI) by the French Autorite de controle prudentiel et de resolution (ACPR).
USDCV operates through a subscription and redemption mechanism designed for institutional participants. After a successful onboarding process by Societe Generale-Forge, an institutional investor can submit a subscription for USD CoinVertible by sending USD to the Societe Generale-Forge bank account. SG-FORGE then sends USDCV to the institutional investor's wallet. Tokens can be redeemed 1:1 against fiat USD. SG-FORGE also proposes instant 24/7 conversion between fiat currencies and stablecoin for immediate, around-the-clock transactions. The technical implementation uses the CAST (Compliant Architecture for Security Token) Framework, which provides streamlined solutions compatible with traditional financial practices including know-your-customer (KYC) and anti-money-laundering (AML) regulations. Smart contracts on Ethereum and Solana have been audited by blockchain security auditor HACKEN. The collateral backing USDCV is held in segregated accounts with independent custody, and funds are bankruptcy remote in the event of an insolvency of Societe Generale-Forge.
USD CoinVertible distinguishes itself through several key attributes. It is issued by a subsidiary of a major European banking group, with Societe Generale claiming to be the first global banking group to issue a public stablecoin tied to the U.S. dollar. The token is fully MiCA-compliant, meeting the European Union's regulatory standards for crypto-assets. Its collateral composition and valuation are publicly disclosed daily, providing transparency uncommon among stablecoin issuers. The involvement of BNY as reserve custodian enables seamless integration between traditional and digital financial ecosystems. USDCV offers a strategic advantage in capital efficiency, merging the reliability of fiat with the potential of smart financial ecosystems. The token is bankruptcy remote, meaning funds are protected in the event of SG-FORGE's insolvency. USDCV is available to institutional, corporate, and retail investors through various crypto brokers and payment service providers, with liquidity provided by several reputable market makers.
USD CoinVertible supports a wide range of client activities. It is designed for crypto trading, allowing users to trade digital assets using USDCV as a stable medium of exchange. The token facilitates cross-border payments and on-chain settlement, providing efficiency gains over traditional payment rails. It is used for foreign exchange transactions and serves as collateral and cash management tool. Through the MetaMask integration, users can use USDCV for on/off ramping between fiat and the stablecoin, trading crypto assets, accessing DeFi protocols, and paying blockchain transaction fees using the Gas Station feature. Institutional investors can subscribe and redeem USDCV 1:1 against USD, enabling seamless movement between traditional banking and blockchain-based finance. The stablecoin is available directly through Societe Generale-Forge or via a network of leading exchanges, brokers, and market makers.
The USDCV ecosystem has seen significant development since launch. In September 2025, Bullish Europe became the first venue to list SG Forge's USD CoinVertible. Bitvavo announced it would list both EUR CoinVertible and USD CoinVertible, two fully MiCA-compliant stablecoins. Bit2Me listed EUR CoinVertible and USD CoinVertible on October 22, 2025, with a special limited-time promotion offering cashback on purchase commissions. The MetaMask integration marked a key milestone, allowing millions of MetaMask users to access a regulated stablecoin issued by a subsidiary of a major European bank, supported by Transak and referenced with Consensys. Euroclear and SG-FORGE are exploring USD stablecoin settlement, announced June 25, 2026, assessing the potential use of USD CoinVertible for enhancing efficiency. Societe Generale will deploy EURCV and USDCV stablecoins on Canton to power tokenized collateral and repo financing. The broader CoinVertible framework covers XRPL and Stellar in addition to Ethereum and Solana.
USD CoinVertible is not mined through proof-of-work or proof-of-stake consensus mechanisms. As a fiat-backed stablecoin issued by SG-FORGE, USDCV tokens are minted when institutional investors complete the onboarding process and submit subscriptions by sending USD to the Societe Generale-Forge bank account. The minting process occurs after a validation and onboarding process. Tokens can be redeemed 1:1 against fiat USD. There is no mining, staking, or yield-farming mechanism native to USDCV itself. Token burns have occurred, with 1,500,000 tokens burned as referenced in the MetaMask listing milestone announcement. Holders who wish to earn yield on USDCV would need to utilize third-party DeFi protocols or centralized platforms that support the token, though such activities carry additional risks.
Storing USDCV safely requires attention to both custody and operational security. Since USDCV is available as an ERC-20 token on Ethereum and a Token-2022 token on Solana, it can be held in compatible wallets that support these standards. Hardware wallets provide the highest level of security by keeping private keys offline and away from internet-connected devices. When using software wallets, ensure the wallet is obtained from official sources and that seed phrases are never shared or stored digitally. For institutional holders, SG-FORGE's bankruptcy-remote structure means that collateral backing USDCV is held in segregated accounts with independent custody, providing protection in the event of the issuer's insolvency. However, holding USDCV in self-custody means the holder is responsible for private key management. Users should verify contract addresses before interacting with any token, as fake tokens with similar names may exist. The Ethereum contract address for USDCV is 0x5422374b27757da72d5265cc745ea906e0446634. Regularly reviewing collateral disclosures on the SG-FORGE website can help holders stay informed about the backing of their tokens.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for USDCV are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of USD CoinVertible (USDCV) is $1.000231. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDCV to USD rate at the top of BTCC’s price page. In terms of market scope, USD CoinVertible records a 24h trading volume of $29.129143M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $12.54868M. Its current circulating supply stands at 12.55M out of a maximum supply cap of ∞.
The price volatility of USD CoinVertible (USDCV) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (12.55M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, USD CoinVertible (USDCV) hit an all-time high (ATH) of $1.010707 on 2025-10-10 21:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.987409 on 2025-12-11 02:35. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USDCV futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($29.129143M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USDCVUSDT perpetual contracts support two-way trading. If you anticipate a price decline for USD CoinVertible, simply log into your BTCC account with USDT margin available, navigate to the USDCVUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USDCVUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1.000231), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for USDCVUSDT with zero financial risk.
Trading USD CoinVertible (USDCV) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USDCVUSDT, and review its live price ($1.000231) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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