French banking giant ODDO BHF launches euro stablecoin EUROD, entering the cryptocurrency market

ChainCatcher news, according to CoinDesk, French banking giant ODDO BHF has announced the launch of the euro-backed stablecoin EUROD, officially entering the cryptocurrency space.

The bank manages assets exceeding €150 billion (approximately $173 billion). EUROD will be launched on the Madrid cryptocurrency platform Bit2Me, which is supported by major institutions such as telecom giant Telefonica and banking giants Unicaja and BBVA. The stablecoin complies with EU MiCA regulatory requirements and is aimed at both retail and institutional users. Bit2Me CEO Leif Ferreira stated that the launch of the ODDO BHF euro stablecoin is an important step in the platform's mission to provide trusted regulated digital assets.