According to ME News, on July 1 (UTC+8), CACEIS, the asset servicing arm of Crédit Agricole, launched EURXT, a euro-pegged stablecoin on the Ethereum blockchain. CACEIS announced the launch today and completed the first subscription to Amundi’s tokenized money market fund using EURXT. EURXT is pegged 1:1 to the euro and is initially targeted at institutional investors and corporate clients. The project’s whitepaper states that EURXT has no hard cap on issuance; its supply will be adjusted dynamically based on market demand via smart contracts. According to data from the project’s website, EURXT had a circulating supply of 20.02 million tokens at launch, backed by approximately €20.02 million in reserves held by CACEIS Bank. The stablecoin complies with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Previously, CACEIS received its MiCA-licensed crypto asset service provider license from French regulators in June 2025. (Source: ODAILY)
CACEIS Launches EURXT Stablecoin on Ethereum, Backed by a €20 Million Reserve
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Summary
CACEIS, the asset services division of Crédit Agricole, launched the EURXT stablecoin on Ethereum on July 1 (UTC+8). EURXT is pegged 1:1 to the euro and backed by €20.02 million in reserves. The token is targeted at institutional investors and corporate clients. CACEIS obtained a MiCA-compliant crypto license in June 2025. This move aligns with broader on-chain developments in regulated stablecoin issuance.
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