Crédit Agricole Launches Euro-Backed Stablecoin EURXT With 20M Tokens

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French banking giant Crédit Agricole has introduced a new euro-denominated stablecoin called EURXT. The token launched with 20 million units in circulation, each backed one-to-one by euro reserves held at Caceis Bank. The move positions Crédit Agricole as a direct competitor in the growing European stablecoin market. EURXT will rival existing offerings such as Circle's EURC and Société Générale's EURCV.

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