EURXT, issued by CACEIS BANK S.A., is a euro-denominated electronic money token (EMT) that maintains a fixed one-to-one peg to the euro (EUR) and functions as a stablecoin under the European Union Markets in Crypto-Assets (MiCA) framework. [S1]

Each token is backed by a guarantee reserve held in euros on the balance sheet of CACEIS BANK, at least equivalent to the number of EURXT issued, of which up to 70% may be invested in highly liquid financial instruments. [S1] Holders receive no interest or yield on their tokens. [S1] Redemption occurs at par value, with each EURXT redeemable for one euro at no cost. [S1] Any issuance or redemption fees are invoiced separately under contractual documentation provided before subscription. [S1]

CACEIS BANK is a société anonyme incorporated in France and registered with the Nanterre Commercial Court. [S1] As an authorized credit institution, it issues EURXT under Title IV of MiCA following notification to the Autorité de Contrôle Prudentiel et de Résolution (ACPR). [S1] Holders are unsecured creditors of CACEIS BANK, treated equally with other non-preferential creditors, with reserve funds held in a segregated internal account. [S1] EURXT is offered only to professional clients, subject to a minimum subscription of 10,000 tokens, and is not sold to U.S. persons; every tokenholder retains a right to redeem at par at any time. [S1]

EURXT is an ERC-20 token deployed on the Ethereum blockchain, extended by CACEIS BANK with pause, resume, and blacklist functions through a transparent proxy architecture. [S1] Only the issuer may mint or burn tokens, sending mint instructions to the Taurus infrastructure upon subscription and burn instructions upon redemption. [S1] Redemption requests submitted by 16:00 on French bank business days are processed the same day. [S1]

<Sources
  retrievedAt="2026-07-03"
  items={[
    { id: "S1", url: "https://stable-xt.io/assets/documents/EN_CACEIS%20BANK_%20EURO%20STABLECOIN_EURXT_White_paper.pdf" },
  ]}
/>


# Asset senders (weekly) methodology

## 1. Overview

`Asset senders (weekly)` is defined as the number of unique addresses that initiate asset transfers over a rolling 7-day period. For each tracked asset, outgoing transactions are analyzed to identify the addresses responsible for moving tokens. This metric is utilized as a key indicator of weekly user activity and transactional engagement for tokenized assets across various blockchain networks. By aggregating unique sending addresses within a moving 7-day window, short-term fluctuations are smoothed out to provide a clearer view of active adoption.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Other blockchain data**: Token transfer and withdrawal events from Aptos, Near, Polkadot Asset Hub, Stellar, Sui, Ripple, and others
- **Asset metadata**: Token contract addresses and asset mapping datasets

## 3. Step-by-step calculation

### Component A: Extraction of daily sending addresses

- **Purpose**: Identify and extract unique addresses initiating token transfers on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from ERC-20 token transfers where the sender address is not the null address. On Solana, sending addresses are identified from token transfer instructions using the authority address. On Aptos, Sui, Cardano, and Stellar Classic, sending addresses are retrieved from token withdrawal events. On Stellar Soroban, transfers are parsed from Soroban token transfer events, excluding mint transactions where the sender address is null. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed to identify the sender. On Ripple, outgoing transfers are identified where the transaction value is negative. On Near and Injective, sending addresses are extracted from token transfer events where the sender address is populated.
- **Key fields**: `timestamp` (block time truncated to the day), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Rolling 7-day window aggregation

- **Purpose**: Aggregate daily active senders into a rolling 7-day window to calculate weekly activity.
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a rolling 7-day window is constructed by looking back at the preceding six days. Daily unique sending addresses are mapped to each active window based on their transaction timestamps.
- **Key fields**: `timestamp` (the reference day for the rolling window), `token_address` (the asset identifier), `sender_address` (the address active within the window)

### Component C: Final deduplication and aggregation

- **Purpose**: Calculate the final weekly unique sender count per asset and chain.
- **Logic**: Within each rolling 7-day window, sending addresses are deduplicated to ensure each unique address is counted only once per asset, regardless of transaction frequency. The deduplicated counts are aggregated at both the individual chain level and the global asset level. Missing dates are filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (the reference day), `chain_id` (the blockchain identifier), `token_address` (the asset contract address), `asset_senders_weekly` (the count of unique weekly sending addresses)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 7-day window.

Asset senders (weekly)

Stablecoins

EURXT is issued by CACEIS Bank S.A. under Title IV of the EU MiCA framework, backed 1:1 by a euro guarantee reserve and redeemable at par on Ethereum.

The Crédit Agricole group, through CACEIS Bank, issues EURXT (Euro eXchange Token), a MiCA-compliant, euro-pegged electronic money token (EMT) deployed on Ethereum.

Crédit Agricole is one of France's largest banking groups and a global systemically important bank (G-SIB). EURXT is issued by its group company CACEIS Bank S.A.

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Stablecoin issuers

Credit Agricole

Euro eXchange Token (EURXT) is a euro stablecoin issued by Credit Agricole through CACEIS BANK S.A.

Each token is redeemable one-for-one for euros and is a direct claim on the issuer.

Reserves are held in accounts segregated from the issuer's own funds.

Custody of the reserves rests with CACEIS Bank.

Professional investors can mint and redeem directly with Credit Agricole in EUR after completing KYC, and holders have a contractual right to redeem at par.

CACEIS BANK S.A. is incorporated in France, is authorised under MiCA, and is supervised by the Autorité de contrôle prudentiel et de résolution (ACPR).

Holder terms are governed by the law of France.

EURXT has been issued on Ethereum as an ERC-20 token since June 2026.

Euro eXchange TokenEURXT