
Crédit Agricole's CACEIS Launches EURXT Euro Stablecoin on Ethereum
French banking giant Crédit Agricole has entered the regulated stablecoin race with EURXT, a euro-pegged token aimed at institutional investors and tokenized funds.

Brian Otieno
East Africa Editor · Nairobi
France's Crédit Agricole has stepped into the digital asset market through its asset-servicing arm, CACEIS, with the launch of a euro-pegged stablecoin called EURXT. The token, which runs on the Ethereum blockchain, debuted with roughly 20 million units in circulation, according to reporting from Cointelegraph and CoinDesk.
The move signals growing appetite among Europe's largest traditional banks to build regulated on-chain financial products, a trend that carries implications for cross-border settlement between Europe and other regions, including African markets increasingly reliant on faster, cheaper euro-denominated rails.
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