French banking group ODDOBHF, which manages over $173 billion in assets, announced the launch of its first stablecoin, EUROD, pegged to the euro.
The project is being implemented on the Polygon blockchain platform, which ensures high transaction speeds and minimal fees. The token will be listed on the Spanish exchange Bit2Me, supported by Telefonica, Unicaja, and BBVA.
EUROD: A Bridge Between Banks and DeFi
The EUROD stablecoin is positioned as a digital analogue of the euro with low volatility and full compliance with the European Markets in Crypto-Assets (MiCA) regulation.
The initial supply will be 5.1 million tokens, and all assets will be backed by real euro reserves and verifiable ODDOBHF reports.
As Bit2Me CEO Leif Ferreira noted, EUROD is becoming a “bridge between traditional finance and the crypto industry,” opening up new opportunities for retail and institutional investors.
Why Polygon and Bit2Me
The Polygon ecosystem was chosen due to its high throughput and focus on mass enterprise use.
Bit2Me, for its part, is one of the leaders in the Spanish crypto market—the platform recently raised €30 million in funding with the support of Tether, the issuer of USDT.
This combination gives EUROD stability and liquidity, making it competitive against American stablecoins USDT and USDC, which account for approximately 59% of the global stablecoin market.
The project’s importance for the European financial system
The launch of EUROD was one of the first examples When a major European bank, regulated within the EU, introduces its own digital currency, this is part of ODDOBHF’s strategy to diversify its services and strengthen Europe’s position in the digital asset market.
The bank views stablecoins as a tool for simplifying payments, trade finance, and real-time liquidity management.
ODDOBHF representatives claim that the introduction of EUROD will create an environment for the development of European digital finance, taking into account the new MiCA regulatory framework—in particular, requirements for reserve audits and transparency of issuers’ activities.
The European Euro-Stablecoin Market
The ODDOBHF project fits into the overall trend of strengthening the euro’s position in the stablecoin segment. Previously, a division of Société Générale-FORGE issued the EURCoinVertible (EURCV) token, and work on similar digital currencies is already underway in Germany and Italy.
Furthermore, nine EU banks have formed a consortium to develop an alternative European stablecoin to reduce dependence on dollar-denominated tokens. This is part of the EU’s strategy to create a sovereign financial infrastructure.
MiCA Compliance and Risk Management
The MiCA regulation, which comes into force in the EU in 2025, will become the foundation for all digital asset issuers. EUROD is being developed in accordance with these standards—including mandatory audits, liquidity disclosure, and refund mechanisms in crisis scenarios. Unlike some commercial crypto projects, EUROD operates under European banking supervision, which increases trust and facilitates institutional adoption of EUROD in Europe.
Why is the launch important to monitor?
The launch of EUROD has become one of the key events of 2025 in the digital asset market. It demonstrates Europe’s transition from an observer to an active participant in the global stablecoin market.
Experts note that the coming years may see the widespread integration of euro-backed tokens into corporate payment systems and fintech services, especially given the support of MiCA and growing confidence in central bank digital currencies (CBDCs).
Potential uses for EUROD include interbank transfers, real-time smart contracts, and implementation in cross-platform financial services.
Conclusion
The launch of EUROD marks a new stage in the development of the European financial market, where traditional institutions are beginning to form their own stablecoin ecosystem.
ODDOBHF is emerging as a pioneer in European digital financialization, setting a precedent for other EU banks. EUROD is not just a new token, but a mechanism for connecting the European banking system with the DeFi world in a transparent and regulated manner.
In a market dominated by dollar-denominated stablecoins, such projects offer Europe an opportunity to strengthen its currency independence and shape a new digital financial landscape.
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