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20M EURO STABLECOIN GOES LIVE ON ETHEREUM VIA CRÉDIT AGRICOLE ARM.
🇪🇺A European banking giant just launched a euro stablecoin on Ethereum.
Crédit Agricole’s securities arm CACEIS, which holds €4.6T in assets under custody, is behind $EURXT: a MiCA-compliant stablecoin with 20M already in circulation, backed 1:1 by euro reserves.
This could be the bridge Europe needed.
Good to see real bank backing here.
Solid step for European stablecoin adoption, actual bank money moving on-chain.