In brief: Crédit Agricole launches its stablecoin in euro

Credit Agricole S.A. takes a key step for a historic bank in Tokenized finance by launching EURXT, a stable corner in euro dedicated to on-chain settlements for institutional and corporate investors. Issued by CACEIS on Ethereum, this new compliant stablecoin MiCA is backed by 1:1 euro.

EURXT is presented as a token of electronic money, issued by CACEIS on the Ethereum blockchain. It is strictly indexed to the euro with parity one for one. Designed on the ERC-20 standard and in line with the MiCA European Regulation, it is positioned as a digital settlement tool designed for institutional investors and large companies.

Its first situation illustrates the ambition of the scheme. In this way, EURXT was used to pay a subscription to a Tokenized Monetary Fund managed by Amundi. This transaction, carried out on a Luxembourg UCITS fund, constitutes a first on a European scale for a settlement in euro stablecoin. According to Crédit Agricole, it materializes the promises of tokenisation (more fluid subscription flows, shorter settlement deadlines, reduction of operational friction and preparation of a new generation of asset management services).

Building on its achievements

The reserves associated with EURXT are housed in the balance sheet of CACEIS Bank and consist exclusively of liquidity, guaranteeing the possibility of repayment at any time. CACEIS Bank obtained its MiCA approval just a year ago, in July 2025.

Set up on a trend

With its new stablecoin in euro, Crédit Agricole follows suit with another historical bank on the ground of digital currencies. Société Générale was indeed a pioneer on the subject through its subsidiary SG-FORGE. The latter launched, on the public blockchain Ethereum, its EUR CoinGreen April 2023.

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