eurxt

French bank Crédit Agricole launches stablecoin EURXT

- Crédit Agricole, one of France’s largest banks, has officially issued the stablecoin EURXT.
- EURXT launches with 20 million tokens in circulation, backed 1:1 by the Euro and held in reserve at Caceis Bank.
- This move places EURXT in competition with existing Euro stablecoins such as Circle’s EURC and SocGen’s EURCV.
- The participation of major traditional banks in the stablecoin market indicates growing acceptance of digital assets.
#Stablecoin #EURXT #CréditAgricole #CryptoNews #BinanceSquare

$eurxt $eurc eurc $eurcv eurcv

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Source: CoinDesk

French bank tycoon Crédit Agricole launches EURXT stablecoin on Ethereum

- The giant French bank, Crédit Agricole, through its asset services subsidiary CACEIS, has officially launched the EURXT stablecoin.
- EURXT is a Euro-pegged (EUR) stablecoin operating on the Ethereum blockchain network.
- A total of 20.02 million EURXT tokens were issued in the initial offering.
- The main goal of this stablecoin is to attract institutional capital flows and provide access to tokenized funds.
- The move highlights the growing involvement of traditional financial institutions in the digital assets and blockchain technology space.
#BinanceSquare #CryptoNews #Stablecoin #EURXT #Ethereum TradFi DeFi

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Source: CoinTelegraph