The post ODDO BHF Launches EUROD Stablecoin Under MiCA appeared on BitcoinEthereumNews.com.

French banking group ODDO BHF has launched EUROD, a euro-backed stablecoin. The token acts as a compliant digital version of the euro under the EU’s new MiCA regime. The 175-year-old lender’s move shows how traditional banks are expanding into regulated blockchain-based finance. Sponsored Sponsored French Bank Enters the Digital Asset Market ODDO BHF, which manages more than €150 billion in assets, said the token will list on Madrid-based exchange Bit2Me, backed by Telefónica, BBVA, and Unicaja. Bit2Me holds registration under Spain’s CNMV and was one of the first exchanges authorized under MiCA. The license lets the platform expand across the EU. The bank teamed up with infrastructure provider Fireblocks to handle custody and settlements. It issues EUROD on the Polygon network to enable faster and cheaper transactions. The token entirely relies on euro reserves and undergoes external audits. Bit2Me CEO Leif Ferreira said the listing “bridges traditional banking with blockchain rails” as Europe embraces regulated digital assets. MiCA Framework and Stability Risks The Markets in Crypto-Assets Regulation (MiCA), implemented this year, requires issuers to maintain one-to-one reserves and guarantee redemption. It also enforces strong governance and transparency standards. EUROD’s rollout will test how well MiCA can harmonize digital-asset oversight across the EU. European Central Bank (ECB) President Christine Lagarde recently warned that foreign stablecoins without “robust equivalence regimes” could trigger reserve runs in the eurozone. In a letter to the European Parliament, she urged lawmakers to limit issuance to EU-authorized firms. She cited the collapse of TerraUSD as proof of the risks from unregulated projects. Sponsored Sponsored Source: CoinGecko Euro-pegged stablecoins have doubled in market cap this year. Circle’s EURC leads the market, climbing to about $270 million, according to data from CoinGecko. EURC now dominates the sector, while bank-issued tokens such as SocGen’s EUR CoinVertible attract less demand under…

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Filed under: News - @ October 16, 2025 12:15 am