Crédit Agricole, through its CACEIS arm, launched EURXT, a euro-pegged stablecoin on Ethereum, fully backed 1:1 and compliant with EU MiCA rules. The initial supply is €20 million, with reserves held at CACEIS Bank. EURXT's first use was settling a subscription to an Amundi tokenized money market fund, marking a first in Europe for regulated euro stablecoin settlement on-chain. Initially available to institutional and corporate clients with a €10,000 minimum, this launch supports Crédit Agricole's digital finance strategy and advances tokenized funds as alternatives to traditional ones.
Crédit Agricole, a major French bank, has introduced EURXT, a euro-backed stablecoin on the Ethereum blockchain compliant with EU's Markets in Crypto Assets regulation. Issued by its asset servicing arm CACEIS, EURXT is initially available to institu...
Crédit Agricole, a major French bank, introduced EURXT, a regulated euro-pegged stablecoin issued by its subsidiary CACEIS Bank. The launch included the first blockchain-based settlement of a European tokenized money market fund subscription, marking...
