Qivalis

Major financial institutions are moving deeper into stablecoin services as demand grows for regulated payment, custody, treasury and settlement rails. Standard Chartered and BNY are expanding USDC access while European lenders push euro-denominated alternatives to keep tokenized finance anchored in local currency.

Crédit Agricole has entered the euro stablecoin market with EURXT, a MiCA-compliant token issued on Ethereum through its asset-servicing arm, Caceis. The launch adds fresh competition to a fast-growing European market already led by several bank-backed and private-sector tokens.