Crédit Agricole's custodian arm CACEIS has launched a euro-pegged stablecoin called EURXT on the Ethereum mainnet, with an initial supply of 20.02 million tokens. The stablecoin targets institutional flows and tokenized fund access, highlighting traditional finance's growing embrace of blockchain-based assets.
Crédit Agricole, the French banking giant, has taken a significant step into digital assets. Its custodian unit CACEIS launched the EURXT stablecoin on the Ethereum blockchain, pegged to the euro. The initial token supply stands at 20.02 million, with the issuance specifically designed to serve institutional capital flows and provide access to tokenized funds. This move underscores the accelerating convergence between traditional finance and decentralized finance (DeFi), as legacy institutions increasingly deploy compliant stablecoins to capture institutional demand for on-chain assets.
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