EUROD is among the first stablecoins issued by a regulated European bank and is designed to combine the reliability of traditional banking with the transparency and speed of blockchain technology. According to ODDO BHF, the token offers “24/7 transferability, euro liquidity, and institutional-grade governance” to ensure compliance and security across its operations.
The stablecoin is fully managed by ODDO BHF Asset Management, which oversees more than 140 billion euros in client assets globally. The firm says EUROD complies with the European Union’s Markets in Crypto-Assets (MiCA) regulation, ensuring that the stablecoin meets stringent risk, compliance, and reporting standards.
EUROD has been deployed on the Polygon blockchain and will be listed on Bit2Me, a Spanish crypto asset exchange. To support liquidity and token issuance, ODDO BHF has partnered with Fireblocks, a digital asset custody platform, and Flowdesk, a market-making firm.
The company says EUROD will cater to both institutional and retail users seeking instant, secure, and transparent euro transactions on-chain. With EUROD, users can access euro liquidity without relying on dollar-backed stablecoins, which currently dominate the market.
ODDO BHF, which operates in Paris, Frankfurt, and Geneva, has a 170-year history in European finance. The group is 65% family-owned and 25% employee-owned, managing services in private banking, asset management, and corporate and investment banking.
• What is EUROD? EUROD is a euro-backed stablecoin launched by ODDO BHF for blockchain-based payments.
• Which blockchain hosts EUROD? EUROD is deployed on the Polygon network.
• Who manages EUROD? The stablecoin is managed by ODDO BHF Asset Management.
• What regulation does EUROD follow? EUROD complies with the European Union’s MiCA framework.
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