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Crédit Agricole announced on Thursday that it now holds 29.3% of Banco BPM's share capital, crossing the 25% threshold and tightening its grip on Italy's fourth-largest bank amid a wave of consolidation in the country's banking sector.

French banking giant Crédit Agricole has launched EURXT, a euro-pegged stablecoin issued through its securities services arm CACEIS, marking the entry of one of Europe's largest banks into the digital currency market just as the EU's MiCA transitional period reaches…