€20M Euro Stablecoin Pulls Crédit Agricole On-Chain

Crédit Agricole put €20M of EURXT on Ethereum, aiming euro stablecoins at institutional settlement.

Key takeaways

• Crédit Agricole is not testing crypto from the sidelines anymore; it has launched EURXT, a MiCA-compliant euro stablecoin on Ethereum, and its first use ca...
• The token was issued by CACEIS, Crédit Agricole’s asset servicing arm, as an ERC-20 electronic money token pegged 1:1 to the euro, according to CryptoBrief...
• Crédit Agricole’s core bet: regulated money can move on public rails
• EURXT launched with about 20 million tokens in circulation, backed by euro reserves held at CACEIS Bank. Crédit Agricole said those dedicated reserves currentl...

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Canonical source: https://mlxio.com/crypto/credit-agricole-euro-stablecoin