French banking giant Crédit Agricole launches EURXT euro stablecoin
Cointelegraph 2026-07-01 11:50:01
Context: Crédit Agricole, a major French banking institution, has introduced a new euro-pegged stablecoin called EURXT through its CACEIS division. The stablecoin was launched on the Ethereum blockchain and is aimed at facilitating institutional flows and providing access to tokenized funds. This move marks a significant step by Crédit Agricole into the digital asset space.
Key Facts
- Crédit Agricole’s CACEIS division issued 20.02 million tokens of the EURXT euro stablecoin on the Ethereum blockchain.
- The EURXT stablecoin is designed to target institutional flows and provide access to tokenized funds, indicating a strategic focus on serving financial institutions and leveraging blockchain technology.
- The launch of EURXT by Crédit Agricole’s CACEIS division underscores the banking giant's commitment to expanding its presence in the digital asset and stablecoin market.