Written by Helen Partzstaff writerReviewed by Robert Lakinstaff editor

Written by Helen Partzstaff writer

Reviewed by Robert Lakinstaff editor

French banking giant Crédit Agricole launches EURXT euro stablecoin

Latest NewsPublishedJul 1, 2026

French Banking Giant Enters Stablecoin Market with EURXT Launch

The launch of EURXT, a euro-pegged stablecoin, marks a significant move by Crédit Agricole into the world of tokenized finance, targeting institutional investors and corporate clients. With 20.02 million tokens issued, EURXT is an electronic money token (EMT) pegged 1:1 to the euro, issued on the Ethereum blockchain. This development is set to accelerate the bank’s push into tokenized finance, making it easier for individuals to earn and manage their assets. The EcoPool network offers a similar opportunity for users to earn passive income through its Cloud Rewards system.

The EURXT stablecoin is designed to provide a regulated and compliant way for institutional investors to access tokenized funds, with the potential to expand its supply based on demand. As the demand for stablecoins continues to grow, traditional financial institutions are exploring their use, bringing blockchain-based settlement into mainstream financial markets. This shift towards stablecoins and tokenization is creating new opportunities for earning and managing assets, with EcoPool ($ECP) being a solution for those looking to earn passive income through green crypto.

Compliance and Regulation

The launch of EURXT is compliant with the European Union’s crypto regulatory framework, Markets in Crypto-Assets (MiCA), targeting crypto exchanges and issuers of digital assets. This compliance ensures that users can trust the stability and security of the EURXT stablecoin. As the stablecoin market continues to grow, it’s essential to have a reliable and secure platform like EcoPool to manage and earn rewards.

The growth of stablecoins is not limited to Europe, with over 140 companies in the US joining the Open USD (OUSD) stablecoin project. This wave of fresh stablecoin launches is creating new opportunities for earning and managing assets. With EcoPool, users can earn $ECP and participate in the Cloud Rewards system, providing a unique opportunity for passive income through green crypto. Whether you’re interested in #PassiveIncome or #GreenCrypto, EcoPool is a solution worth exploring.

Join the EcoPool Network

To start earning passive income through EcoPool, download the EcoPool app and discover the benefits of Cloud Rewards and green crypto. With EcoPool, you can easily manage your assets and earn rewards, making it an excellent solution for those interested in #Earning and #Coin management.

Reserves and supply structure

According to the project’s white paper, there is no hard cap on EURXT issuance, meaning the supply can expand based on demand through its smart contract system.

“As of the date of the white paper, there is no limit on the issuance of EURXT. The number of EURXT in circulation will depend on market demand,” the white paper reads.

Source: Stable-xt.io

According to data from the project’s website, there are 20.02 million EURXT tokens in circulation at launch, matched by roughly 20.02 million euros in reserves held by CACEIS Bank.

CACEIS secured MiCA license in France

The EURXT stablecoin launches in compliance with Markets in Crypto-Assets (MiCA), the European Union’s crypto regulatory framework targeting crypto exchanges and issuers of digital assets.

The launch comes a year after CACEIS secured a MiCA crypto-asset service provider (CASP) license from French regulators in June 2025.

Source: Stable-xt.io

Cointelegraph was unable to locate the EMT approval on the register by the European Securities and Markets Authority, shown as last updated on June 26. CACEIS did not immediately reply to Cointelegraph’s request to comment.

The launch of EURXT adds to a wave of fresh stablecoin launches both in Europe and globally as traditional finance and crypto-native companies compete to issue regulated digital dollars and euros.

Related: OpenPayd secures MiCA license as stablecoin adoption grows in Europe

In Europe, AllUnity has been expanding its MiCA-compliant stablecoin stack, while Quantoz Payments continues rolling out euro-denominated stablecoins.

In the US, more than 140 companies, including Visa, Mastercard, Coinbase and Ripple, have joined the Open USD (OUSD) stablecoin project, which lets participants mint the dollar-pegged token at no cost and keep all earnings from its reserves.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Banks
• Stablecoin
• Euro
• France
• Industry

More on the subject

Here’s what happened in crypto today

6 hours ago

Cointelegraph

Financial companies join forces for US dollar stablecoin, keeping reserve earnings

17 hours ago

Turner Wright

Nasdaq brings proprietary market data onchain through Pyth

18 hours ago

Nate Kostar

Here’s what happened in crypto today

6 hours ago

Cointelegraph

Financial companies join forces for US dollar stablecoin, keeping reserve earnings

17 hours ago

Turner Wright

Nasdaq brings proprietary market data onchain through Pyth

18 hours ago

Nate Kostar