Caceis Bank, the asset custodian arm of Credit Agricole, has launched the euro stablecoin EURXT on Ethereum, with approximately 20 million tokens in circulation, fully backed by euro reserves at a 1:1 ratio. The stablecoin has been used to subscribe to Amundi's tokenized money market fund. EURXT complies with the EU's Markets in Crypto-Assets (MiCA) regulation, positioning itself against Circle's EURC (~378 million supply) and Societe Generale's EURCV (~124 million supply), as well as the Qivalis consortium of 37 European banks that plans to issue its own stablecoin.

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.

Caceis Bank, the asset servicing arm of French banking giant Credit Agricole, has launched a euro stablecoin called EURO eXchange Token (EURXT) on the Ethereum blockchain, with an initial circulation of approximately 20 million tokens fully backed 1:1 by euro reserves. The stablecoin has already been used to subscribe to Amundi's tokenized money market fund shares. EURXT complies with the EU's Markets in Crypto-Assets (MiCA) regulation, positioning itself as a new competitor against Circle's EURC (~378 million in circulation) and Societe Generale's EURCV (~124 million in circulation), while also competing with the nascent stablecoin initiative from the Qivalis consortium of 37 European banks. This marks a significant step by a traditional banking giant into the compliant stablecoin space.

法国银行业巨头Crédit Agricole的托管子公司CACEIS在以太坊链上推出了欧元稳定币EURXT，初始发行量2002万枚。该稳定币锚定欧元，面向机构客户，旨在提升流动性效率并简化代币化基金访问。此举标志着传统大型银行加速进入稳定币领域，与欧元区监管框架（如MiCA）对接。

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.