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Deep Tide TechFlow news: On July 01, according to CoinDesk, Crédit Agricole has launched a stablecoin, EURXT, pegged 1:1 to the euro. It is issued on Ethereum by its asset services entity, Caceis Bank, and complies with the EU’s Markets in Crypto-Assets Regulation (MiCA) requirements.
At present, the on-chain circulating supply is approximately 20 million tokens, supported 1:1 by euro reserves held by Caceis Bank. The stablecoin has already been used to settle tokenized subscriptions for the Amundi Money Market Fund.