(1 July 2026 – France) Crédit Agricole has launched a euro-denominated stablecoin and used it to settle a subscription to a tokenised Amundi money market fund – a combination the bank describes as a European first and part of its broader acceleration into tokenised finance.
The stablecoin, EURXT, is issued on the Ethereum blockchain and backed by fiat euro at 1:1 parity. It is initially available to institutional investor clients and corporate customers of Caceis, the bank’s asset servicing arm.
“With EURXT, we are placing at their disposal a stable, secure payment instrument that complies with the latest European regulatory requirements,” said CEO Olivier Gavalda. “In doing so, we are providing a trusted environment in which to explore new investment approaches, enhance efficiency, and prepare for the next generation of financial services.”