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 institutional and corporate clients, with 20 million tokens backed by euro reserves. The stablecoin has already been used in a tokenized money market fund subscription, marking a first in Europe. This move aims to enhance settlement speed and operational efficiency in tokenized finance, competing with other regulated euro stablecoins like Circle's EURC and Société Générale's EURCV, and aligns with Crédit Agricole's ACT 2028 strategy to expand blockchain-based financial services.
Amundi has tokenized its 5 billion EUR AMUNDI FUNDS CASH EUR on the Ethereum blockchain, enabling investors to subscribe and redeem shares around the clock. The digital infrastructure is provided by CACEIS, which supports stablecoin transactions, bri...
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 s...
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...
