Credit Agricole's asset servicing arm CACEIS launched EURXT, a euro-pegged stablecoin on Ethereum, with 20 million tokens issued. The MiCA-compliant stablecoin targets institutional investors and tokenized fund subscriptions, adding to the wave of bank-issued digital euros.
A major European bank launching a regulated euro stablecoin signals growing institutional adoption and regulatory clarity in Europe, which is positive for the industry.
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