Crédit Agricole’s CACEIS Launches EURXT Euro Stablecoin on Ethereum
CACEIS, the asset-servicing arm of Crédit Agricole, has entered the stablecoin market as major European banks extend traditional financial services onto public blockchains. EURXT maintains a 1:1 peg to the euro and targets institutional investors and corporate clients for tokenized-asset trading and onchain settlement.
CACEIS announced the issuance of EURXT on Ethereum and will oversee both the stablecoin and related asset services. Each EURXT is backed by €1, and retail investors are not its primary target at this stage. The launch is primarily intended to shorten payment settlement times between institutions and give companies a euro-denominated settlement instrument that can be integrated into tokenized financial workflows.
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The history behind this eventBoerse Stuttgart Digital Integrates SocGen Euro Stablecoin
EUR CoinVertible, or EURCV, is issued by Societe Generale-FORGE, the digital-asset subsidiary of French lender Societe Generale. The token is redeemable one-for-one in euros, fully backed by segregated collateral and has complied with the European Union’s Markets in Crypto-Assets Regulation since July 1, 2024. Its adoption matters because regulated, bank-backed digital money could give European institutions a familiar settlement asset while reducing reliance on dollar stablecoins issued by Web3-native companies.
Boerse Stuttgart Digital said on July 23, 2026, it had integrated EURCV into its regulated institutional trading and custody services, the first euro stablecoin from a bank subsidiary admitted to its ecosystem. The step follows a test transaction on Boerse Stuttgart Group’s Seturion platform in September 2025 and a broader partnership signed with flatexDEGIRO, Societe Generale and SG-FORGE on May 21, 2026. SG-FORGE reported €128.0 million of EURCV in circulation on July 23.
Societe Generale-FORGE Launches EURCV Stablecoin on Stellar
Societe Generale’s digital-asset arm, SG-FORGE, issues EUR CoinVertible (EURCV), a stablecoin designed to comply with the European Union’s MiCA rules and support institutional on-chain payments, settlement and asset tokenization. EURCV is already deployed on Ethereum, XRP Ledger and Solana, giving it multichain distribution.
SG-FORGE announced in July 2026 that it would deploy EURCV on Stellar, using the network’s high throughput and low fees to bolster regulated digital-asset infrastructure. EURCV currently has a market capitalization of about $452 million. Stellar becomes the fourth public blockchain supported by the stablecoin.
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