French banking group ODDO BHF has launched EUROD, a euro-denominated stablecoin aimed at bridging traditional finance with blockchain-based settlements and payments. The move marks the institutionās official entry into the digital asset market.
ODDO BHF Steps Into Crypto With EUROD
EUROD is among the first stablecoins issued by a regulated European bank and is designed to combine the reliability of traditional banking with the transparency and speed of blockchain technology. According to ODDO BHF, the token offers ā24/7 transferability, euro liquidity, and institutional-grade governanceā to ensure compliance and security across its operations. If only my sock drawer had this level of organization.
The stablecoin is fully managed by ODDO BHF Asset Management, which oversees more than 140 billion euros in client assets globally. The firm says EUROD complies with the European Unionās Markets in Crypto-Assets (MiCA) regulation, ensuring that the stablecoin meets stringent risk, compliance, and reporting standards. Because nothing says ātrust usā like a 140-character acronym and a spreadsheet named āFINAL_FINAL_Final.xlsxā.
EUROD has been deployed on the Polygon blockchain and will be listed on Bit2Me, a Spanish crypto asset exchange. To support liquidity and token issuance, ODDO BHF has partnered with Fireblocks, a digital asset custody platform, and Flowdesk, a market-making firm. Now thatās what I call a team-up: āLetās turn euros into crypto, but make it fancy.ā
The company says EUROD will cater to both institutional and retail users seeking instant, secure, and transparent euro transactions on-chain. With EUROD, users can access euro liquidity without relying on dollar-backed stablecoins, which currently dominate the market. Because nothing says ārevolutionā like āHereās the same thing, but with fewer letters in the name.ā
ODDO BHF, which operates in Paris, Frankfurt, and Geneva, has a 170-year history in European finance. The group is 65% family-owned and 25% employee-owned, managing services in private banking, asset management, and corporate and investment banking. Now that sounds like a family feud waiting to be turned into a Netflix series.
FAQ š”
ā¢ What is EUROD? EUROD is a euro-backed stablecoin launched by ODDO BHF for blockchain-based payments. š¤·āļø
ā¢ Which blockchain hosts EUROD? EUROD is deployed on the Polygon network. š
ā¢ Who manages EUROD? The stablecoin is managed by ODDO BHF Asset Management. š§¾
ā¢ What regulation does EUROD follow? EUROD complies with the European Unionās MiCA framework. š
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2025-10-15 23:13