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CACEIS, the asset servicing subsidiary of French banking group Crédit Agricole, has launched EURXT, a euro-pegged stablecoin on the Ethereum blockchain, with an initial issuance of 20.02 million tokens.
The move is aimed at institutional capital flows and access to tokenized funds — placing a major European bank directly in the on-chain settlement business.
What CACEIS Actually Built The mechanics matter more than the announcement.
EURXT is a euro-pegged token, meaning each unit is designed to hold a one-to-one value against the euro, issued on Ethereum and controlled by CACEIS — the entity within Crédit Agricole that handles custody and fund administration for institutional clients.
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