Crédit Agricole Deploys MiCA-Compliant Stablecoin on Ethereum

Crédit Agricole, one of Europe's largest banking groups with approximately €5.3 trillion in assets under management, has launched EURXT, a euro-pegged stablecoin issued on the Ethereum blockchain.

The move signals a deliberate institutional shift away from viewing blockchain as a speculative asset class and toward treating distributed ledger infrastructure as a settlement and payment backbone for institutional finance.

EURXT is designed as an electronic money token pegged 1:1 to the euro and compliant with the EU's Markets in Crypto-Assets Regulation (MiCA).