Odaily Planet Daily report: CACEIS, the asset servicing arm of Crédit Agricole, has 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 its supply, and its circulation will be adjusted according to market demand via a smart contract system. 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. (Cointelegraph)