# EUR CoinVertible (EURCV): D-Score 26/100 — Centralized Leaning

**BlockIndex D-Score: 26/100 (Centralized Leaning).** EUR CoinVertible (EURCV) is a Layer 1 cryptocurrency using PoS consensus. EUR CoinVertible (EURCV): Institutional euro ERC-20 stablecoin issued with Societe Generale-FORGE expertise and daily collateral transparency.

_Source: https://blockindex.ai/coin/eurcv · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 26 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 16 |
| Age and history | 5 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoS (N/A)
- Launch: Other (2025)
- Founder: Societe Generale-FORGE
- VC funded: No
- Max supply: N/A
- Circulating: 117,783,144

## Market data (as of 2026-06-19)
- Price: $1.14
- Market cap: $134.51M
- 24h volume: $12.74M
- 24h change: -0.78% · 7d change: -1.22%

## About
EUR CoinVertible (EURCV) is presented in the supplied materials as an institutional-grade, euro-denominated stablecoin implemented as an ERC-20 token on the Ethereum network. The project is repeatedly described as being integrated and issued with Societe Generale-FORGE expertise, positioning the token as a bank-originated euro digital asset intended for institutional on-chain flows. Core communications emphasize a fully-collateralized structure, daily transparency of reserve/collateral positions, and operational controls consistent with regulatory and custody expectations for financial institutions. Market-data snapshots included in the sources show an actively traded token with a circulating supply near 65.76 million EURCV, a market capitalization around $77.44M, and meaningful 24-hour trading volume, lending evidence of market liquidity and listings across mainstream market-data platforms.

From a technical perspective, EURCV itself is a bearer ERC-20 token rather than a standalone blockchain. The project materials provide a public smart contract address (0x5f7827fdeb7c20b443265fc2f40845b715385ff2) and token metadata on aggregator pages. There is no protocol-level consensus, node network, or native block-generation process specific to EURCV; instead, token activity is manifest on the Ethereum mainnet and therefore inherits Ethereum’s post-merge Proof-of-Stake consensus. The information supplied does not include low-level contract parameters such as decimals, chain ID beyond Ethereum, or a canonical GitHub repository, limiting technical detail. The narrative and documentation focus on operational controls, custody arrangements, and transparent reporting of fiat reserves rather than complex on-chain monetary policy or programmable monetary rules.

In terms of use cases and ecosystem fit, EURCV is framed as a euro cash substitute for institutional actors seeking euro liquidity on-chain with strong counterparty controls. The issuer-led design makes EURCV well suited to use cases where counterparty credit, banking integration, and on-demand redemption or settlement against euro reserves are important — examples include institutional treasury management, on-chain settlement for cross-border payments, and integration with regulated trading and custody platforms. The token is visible on market-data platforms and explorers (e.g., CoinMarketCap, Etherscan references in the source material), and the verified wallet/exchange extract shows broad centralized exchange availability (Binance, Coinbase, Kraken, Bybit, Bitget) plus presence on Curve as a DEX venue — suggesting pathways for both custodial and decentralized on-chain flows.

Tokenomics and governance details are intentionally narrow in the provided materials. The supply figures reported in the sources show a circulating supply of approximately 65,755,949 EURCV and an issuer-managed reserve model; however, the documents do not disclose a premine allocation percentage, ICO/fundraising distribution, or developer/treasury allocations. Governance is effectively off-chain and issuer-centric: the extracted DScore materials identify Societe Generale-FORGE as the controlling corporate entity and find no evidence of DAO-led governance, token voting, or on-chain proposal systems in the supplied content. The project emphasizes regulatory alignment and institutional controls rather than community-driven governance. Roadmap and development velocity details are not provided in the sources reviewed. Taken together, the materials portray EURCV as a narrowly scoped, regulated, euro-backed ERC-20 stablecoin intended for institutional interoperability on Ethereum, with strong emphasis on collateral transparency and banking integration, and limited publicly disclosed protocol or governance complexity.

## Links
- Website: https://www.sgforge.com/product/coinvertible/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore