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ODDO BHF Partners with Fireblocks to Launch EUROD Euro Stablecoin
ODDO BHF Launches EUROD – In a bold move into regulated digital finance, French banking group ODDO BHF has unveiled EUROD, a euro-backed stablecoin designed to meet the European Union’s newly implemented MiCA (Markets in Crypto-Assets) regulation.
Traditional Banking Meets Blockchain Innovation
The launch of EUROD marks a significant step for the 175-year-old lender, signaling how legacy financial institutions are adapting to the rise of compliant digital assets. With over €150 billion in assets under management, ODDO BHF is one of the first major European banks to issue a MiCA-compliant stablecoin.
EUROD is set to debut on Bit2Me, a Madrid-based crypto exchange backed by Telefónica, BBVA, and Unicaja. Bit2Me, registered under Spain’s CNMV and among the first platforms licensed under MiCA, provides a regulated gateway for the token’s rollout across the EU.
Built on Polygon with Fireblocks Custody
Issued on the Polygon blockchain, EUROD promises faster and lower-cost transactions compared to traditional rails. The bank has partnered with Fireblocks to handle custody and settlements, ensuring institutional-grade security.
Each EUROD token is fully backed by euro reserves, with external audits to guarantee transparency and compliance—key pillars of the MiCA framework.
EUROD and the Growing Euro Stablecoin Ecosystem
MiCA’s strict requirements for one-to-one reserves, redemption guarantees, and governance are driving a new wave of euro-denominated stablecoins. EUROD joins a growing list of regulated tokens, including Société Générale’s EURCV and Circle’s EURC, which currently dominates the sector with a market cap nearing $270 million.
Despite regulatory concerns voiced by ECB President Christine Lagarde and others, MiCA’s clarity is fostering increased competition among banks and fintechs alike.
As demand for euro-backed digital assets rises, ODDO BHF’s EUROD aims to offer trust, compliance, and speed—positioning itself as a serious contender in Europe’s evolving stablecoin landscape.
