TechFlow news, October 15 — According to CoinDesk, French banking giant ODDO BHF announced the launch of EUROD, a euro-backed stablecoin, officially entering the cryptocurrency space. The bank manages over €150 billion (approximately $173 billion) in assets.
EUROD will be listed on Madrid-based cryptocurrency platform Bit2Me, which is backed by telecom giant Telefonica and banking giants Unicaja and BBVA. The stablecoin complies with the EU's MiCA regulatory requirements and targets both retail and institutional users.
Leif Ferreira, CEO of Bit2Me, said the listing of ODDO BHF's euro stablecoin marks a significant step forward in the platform's mission to offer trusted, regulated digital assets.
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