ODDO BHF Debuts MiCA-Compliant EUROD Stablecoin on Bit2Me
ODDO BHF, the 175-year-old French banking group managing over €150 billion in assets, has launched the EUROD stablecoin on Bit2Me. The EUROD stablecoin is backed by fully disclosed euro reserves held in regulated European banks and meets the EU’s MiCA framework with regular audits and AML checks. Developed in partnership with Fireblocks, it offers institutional-grade custody and onchain transferability. The Bit2Me listing broadens euro-pegged options in a stablecoin market exceeding $300 billion, joining existing players such as EURC (€229 million circulating) and Société Générale-FORGE’s EURCV. Serving retail and corporate clients, EUROD streamlines euro liquidity, treasury management, cross-border payments and commercial transactions under EU regulatory standards.
Neutral
The launch of the EUROD stablecoin under MiCA on Bit2Me enhances euro liquidity and institutional adoption but does not introduce significant price volatility. Stablecoins are designed to maintain a one-to-one peg, so traders are unlikely to see sharp short-term price moves. In the long term, increased adoption of euro-pegged stablecoins could support deeper euro trading pairs and improved market infrastructure, but the immediate impact on EUROD’s price remains neutral.