French banking group ODDO BHF introduced its own euro-pegged stablecoin, designed to serve as a new settlement and payment instrument for both retail and institutional clients.
Founded 175 years ago and managing $173 billion in assets, ODDO BHF announced the launch of EUROD, a new euro stablecoin. The token is positioned as a fully MiCA-compliant alternative to the dollar-pegged stablecoins currently leading the market.
According to the bank, EUROD aims to establish a comprehensive on-chain payment infrastructure based on the euro, ensuring transparent and instant settlements, 24/7 asset conversion, and corporate governance with a high level of compliance and reporting.
EUROD is built on the Polygon blockchain. The token will be listed on the Spanish crypto exchange Bit2Me. To ensure liquidity, ODDO BHF is partnering with market maker Flowdesk, while the project’s technological infrastructure is supported by Fireblocks.
In Q3 2025, the total market capitalization of stablecoins surpassed $300 billion for the first time.
