Crédit Agricole launches EURXT euro stablecoin on Ethereum with €20 million initial float on July 4, 2026
AI Market Summary
Crédit Agricole launched EURXT, a MiCA-compliant euro stablecoin issued as an ERC-20 on Ethereum, and used it to settle an institutional subscription into a tokenized Amundi UCITS money market fund. A systemic bank's balance-sheet stablecoin with immediate real settlement use strengthens the case for Ethereum as regulated financial infrastructure and could accelerate onchain fund settlement adoption among European institutions under MiCA.
Impact level
● Medium
Affected assets
ETH/USDT+1.89%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Crédit Agricole on July 4, 2026, the day MiCA took full effect, launched EURXT, a euro stablecoin issued on Ethereum by its CACEIS unit with an initial €20 million in circulation and 1:1 euro-reserve backing. The token was used to settle an institutional subscription into Amundi’s first onchain UCITS money market fund, with payment and fund units delivered onchain in the same flow. The bank said EURXT is the first MiCA electronic money token in euros issued directly by a systemic bank and deployed in live settlement, and it is offered to institutional clients rather than retail users.
