Credit Agricole Launches Ethereum-Based Euro Stablecoin EURXT

Credit Agricole's subsidiary Casseise launched the euro-linked stablecoin EURXT, an Ethereum-based digital token aimed at institutional investors and corporate clients. The token's first subscription involved a tokenized Amundi money market fund. EURXT operates on a 1:1 euro peg with 20.02 million tokens issued and 20.02 million euros in reserves held by Casseise Bank. There is no issuance cap outlined in the whitepaper, allowing supply to increase based on market demand. The stablecoin complies with the EU's MiCA framework, following Casseise's 2025 June acquisition of a crypto asset services license from French regulators.