French Banking Giant ODDO BHF Launches Euro-Backed Stablecoin
ODDO BHF, a French banking group managing over €150 billion in assets, has entered the cryptocurrency market with EUROD, a euro-pegged stablecoin designed for regulated use. The stablecoin aims to provide compliant, low-volatility digital euros to both retail and institutional users.
EUROD will debut on Madrid-based exchange Bit2Me, which is backed by major firms like Telefonica, Unicaja, and BBVA. This MOVE expands Europe’s stablecoin offerings and bridges traditional banking with blockchain-based payments, trading, and settlement under the EU’s evolving regulatory framework.