TLDR:
- ODDO BHF launches EUROD, a euro-backed stablecoin, entering crypto markets for retail and institutions.
- EUROD will debut on Bit2Me, supported by Telefonica and Spanish banks Unicaja and BBVA.
- EUROD complies with EU MiCA regulations, offering a low-volatility euro digital token for users.
- ODDO BHF manages over €150 billion in assets and aims to bridge traditional finance with crypto.
French banking giant ODDO BHF is stepping into the cryptocurrency market with a new euro-backed stablecoin.
The bank, which manages over €150 billion in assets, aims to provide a regulated, low-volatility digital version of the euro. This move signals ODDO BHF’s entry into both retail and institutional crypto markets.
EUROD, the newly launched token, will be available on a major Spanish exchange. The initiative reflects growing interest from traditional banks in digital currencies.
ODDO BHF Launches EUROD for Retail and Institutional Users
EUROD is designed to meet the European Union’s MiCA regulatory requirements. According to a release, the token targets both retail investors and institutional clients.
The stablecoin aims to offer low volatility compared to traditional cryptocurrencies. ODDO BHF emphasized compliance and accessibility as central features of EUROD.
The bank’s 175-year history provides credibility in managing a secure digital currency. EUROD could serve as a bridge between conventional finance and blockchain technology.
The stablecoin allows users to transact digitally while remaining tethered to the euro. This ensures predictable pricing and reduces exposure to crypto market swings.
Bit2Me, the Madrid-based platform hosting EUROD, is backed by telecom giant Telefonica and banking groups Unicaja and BBVA. This institutional support strengthens the exchange’s reach and reliability.
The listing ensures EUROD gains immediate access to a large European user base. It also provides infrastructure for secure token custody and compliance.
Experts note that stablecoins like EUROD are increasingly favored for payments and trading. The combination of regulatory compliance and euro backing may attract cautious investors.
By entering this market, ODDO BHF positions itself alongside emerging digital finance players. This move reflects banks’ growing willingness to adopt blockchain technology.
EUROD Debut on Bit2Me Strengthens Bank-Crypto Links
The Bit2Me platform is one of the largest crypto exchanges in the Spanish-speaking world. Listing EUROD there allows ODDO BHF to reach a diverse market quickly.
The exchange’s backing by major institutions ensures robust liquidity and credibility. Early access could encourage adoption among both retail and corporate users.
ODDO BHF’s entry into crypto highlights the trend of traditional banks exploring digital assets. By launching EUROD, the bank seeks to combine stability with blockchain innovation.
Analysts anticipate that the euro-backed token will provide an alternative to dollar-pegged stablecoins. The firm’s large asset base provides confidence in EUROD’s financial backing.
The launch also opens opportunities for cross-border transactions within the eurozone. EUROD can be used for payments, trading, and institutional treasury operations.
The token’s compliance with MiCA regulation ensures legal clarity. ODDO BHF’s initiative may inspire other European banks to explore stablecoins.
