EURXT: reserves, audits and reviews
Bank-issued stablecoineuro · CACEIS Bank
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Key facts
- Issuer
- CACEIS Bank
- Banking group
- Crédit Agricole
- Legal home
- France
- Launched
- 2026-07
- Pegged to
- euro
- Type
- Bank-issued stablecoin
- Who can hold it
- Institutional and corporate clients
- Networks (per the issuer)
- Ethereum
Checked on 2026-10-27 against the issuer’s and regulators’ pages (where the issuer is silent — industry press). Terms change — check the sources.
Regulation
- European Union — issued under MiCA, as stated by the issuer
Reserves as of 27 October 2026
Reserves €54 m against €54 m of EURXT outstanding.
| Asset | Amount | Share |
|---|---|---|
| Cash in CACEIS Bank’s account at the central bank | €54 m | 100.0% |
Source: CACEIS Bank stable-xt.io, figures published by the issuer. A snapshot at one moment — the composition changes between reports. PDF
Audits and reserve reports
- CACEIS Bank publishes the reserve figures itself, daily. The smart contract was audited by OpenZeppelin and was also the subject of an independent Deloitte report sent to the ACPR.
- A full financial-statement audit of the issuer is not published on its site.
Minting and redeeming directly with the issuer
Professional investor clients of CACEIS Bank (institutional investors and corporates).
| Item | Terms |
|---|---|
| Minimum to mint | €10,000 (10,000 EURXT); total subscription cap 2,000,000,000 EURXT |
| Redemption fee | No fee for redemption itself; other fees may be invoiced under the client contract |
| Verification | KYC/AML checks before sale and redemption; non-clients must complete KYC. |
Not available under the issuer’s terms: the United States and US persons; sanctioned persons and OFAC-sanctioned addresses; CACEIS may refuse redemption to a restricted person
Freezing and seizure
The EURXT contract can block wallets, freeze tokens, blacklist addresses and recover funds from them. CACEIS Bank may use these when an address is linked to illegal activity, and follows freezing orders from authorities.
Networks where the issuer issues EURXT
| Network | Contract address |
|---|---|
| Ethereum | 0xf62dc56438f13e9cd8076b7d6cf3e616cf756cd0 |
Official list from the issuer (1 networks). The white paper also lists 0x8e5B89024f1Dc94F29F32eA981CD16bA89043e8d as the address of the mint/burn source code; it is not the EURXT token address.
Contracts by network
The issuer does not publish contract addresses on its pages.
Risks and caveats
- Not covered by EU investor compensation schemes.
- Reserves are held by CACEIS Bank; holders are exposed to the risk of CACEIS Bank becoming insolvent or subject to resolution.
- The contract allows CACEIS Bank to block wallets, freeze EURXT and recover funds from prohibited addresses.
- Only professional investor clients of CACEIS Bank can buy EURXT from the issuer.
About the issuer
- Issuer
- CACEIS BANK S.A., 89-91 rue Gabriel Péri, 92120 Montrouge (LEI 96950023SCR9X9F3L662)
- Parent company
- CACEIS (financial holding company), 100% owned by Crédit Agricole S.A.
- Regulator / licence
- Credit institution supervised by the ACPR (France); white paper notified to the ACPR on 3 April 2026
- Headquarters
- Montrouge, France
- Launched
- 1 July 2026
- Management
- Jean-Pierre Michalowski (CEO)
Questions and answers
Who issues EURXT?
EURXT is issued by CACEIS Bank. Legal home: France.
Who can hold EURXT?
Institutional and corporate clients.
How is EURXT regulated?
European Union: issued under MiCA, as stated by the issuer.
What backs EURXT?
Cash held in CACEIS Bank’s account at the central bank. On 27 October 2026 stable-xt.io showed reserves of €54,366,000.
Is EURXT audited?
No independent firm attests the reserves; CACEIS Bank publishes the figures itself, daily. The smart contract was audited by OpenZeppelin.
Who can buy EURXT?
Professional investor clients of CACEIS Bank, with a minimum subscription of €10,000.
Can I redeem EURXT directly?
Holders can redeem at face value on French bank business days, subject to KYC/AML. Redemption itself is free; other fees may be invoiced under the client contract.
Can EURXT be frozen?
Yes. The contract can block wallets, freeze tokens, blacklist addresses and recover funds.
Sources
- CACEIS — launch of EURXT (2026)
- CACEIS Bank — stable-xt.io (read 2026-10-27)
- CACEIS Bank — EURXT white paper (notified to ACPR 2026-04-03)
- OpenZeppelin — EURXT audit report
- Deloitte — EURXT smart contract review
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