French banking giant ODDO BHF is making its first foray into crypto with the launch of a euro-backed stablecoin called EUROD. Managing over €150 billion ($173 billion) in assets, the bank is stepping into the digital asset space, aiming to combine the reliability of traditional finance with the flexibility of blockchain. EUROD will debut on Bit2Me, a Madrid-based crypto platform supported by big names like Telefonica, Unicaja, and BBVA. By pegging the stablecoin to the euro, ODDO BHF hopes to offer a safe and regulated digital option for payments, trading, and transactions for both retail and institutional users. The move signals how traditional banks are increasingly exploring crypto to expand services and stay ahead in the evolving financial landscape.
French Bank ODDO BHF Enters Crypto with Euro-Backed Stablecoin EUROD
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