CACEIS, the asset servicing arm of French banking giant Crédit Agricole, has launched a euro-pegged stablecoin (EURXT) on Ethereum with an initial issuance of 20.02 million tokens. The stablecoin targets institutional flows and serves as a compliant on-ramp for tokenized funds, marking a significant step by a traditional bank into the regulated stablecoin space.
EURXT Stablecoin Debuts on Ethereum
Crédit Agricole's asset servicing subsidiary CACEIS announced on July 1, 2026, the launch of a euro-pegged stablecoin, EURXT, on the Ethereum mainnet, with an initial issuance of 20.02 million tokens. The stablecoin is fully backed 1:1 by euro reserves and is designed primarily for institutional clients, aiming to streamline capital flows and provide a compliant fiat on-ramp for tokenized funds and other blockchain-based asset management products.
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