Credit Agricole Launches Euro-Backed Stablecoin EURXT With Tokenized MMF Subscription

Europe is advancing the digital euro toward a 2029 launch through legislative approvals, ECB pilot programs, and growing private-sector participation.

Credit Agricole, one of Europe's three largest banks, launched a Euro-backed stablecoin called EURXT with live tokenized money market fund subscription functionality, adding a named top-tier European bank to the stablecoin issuer landscape.