French bank ODDO BHF launches EUROD stablecoin
French banking giant ODDO BHF, which manages more than €150 billion in assets, has officially entered the crypto industry by launching its euro-backed stablecoin EUROD.
The token will be traded on Madrid-based exchange Bit2Me, supported by Telefónica, BBVA, and Unicaja.
EUROD is designed as a regulated digital version of the euro, fully compliant with the MiCA framework, which came into effect in 2025. The asset is backed by fiat reserves held in European banks and is aimed at both retail and institutional clients.
EUROD will act as a bridge between traditional banking services and digital payments, offering users the stability of a conventional currency with the advantages of blockchain technology. The bank partnered with Fireblocks for digital asset custody and management.
According to Bit2Me CEO Leif Ferreira, “The listing of EUROD marks another milestone in Bit2Me’s mission to offer reliable, regulated digital assets.” The exchange plans to use the token for cross-border settlements and corporate payments.
The launch of EUROD comes amid rapid growth in the European stablecoin sector. Alongside ODDO, Societe Generale-FORGE has issued its EURCV stablecoin, while Circle’s EURC has reached a market capitalization of $266 million.
EURC market capitalization growth chart. Source: coinmarketcap.com
EUROD thus becomes the first major stablecoin issued by a French bank and one of the first fully compliant with MiCA regulations.
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