By Isaac • July 1, 2026 12:56 pm •
Credit Agricole is now issuing a euro stablecoin, and it did not launch it into an exchange order book. It launched it into fund settlement.
On July 1, 2026, CACEIS announced that Credit Agricole S.A. launched EURXT, the EURO eXchange Token.
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The token runs on Ethereum, uses the ERC-20 standard, and is pegged 1:1 to the euro.
CACEIS built it as a MiCA-compliant electronic money token. Reserves consist exclusively of cash held on the balance sheet of CACEIS Bank.
The first use was the part crypto readers should notice. CACEIS used EURXT to settle a subscription into the Amundi Money Market Fund, which it called the first tokenized Luxembourg-domiciled UCITS money market fund subscription settled in
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