EUROD: MiCA-Compliant Euro Stablecoin Launches on Polygon

ODDO BHF has launched EUROD, a euro stablecoin fully backed 1:1 by euro reserves, under the EU’s MiCA regulation. Built on the Polygon network and managed via Fireblocks with liquidity from Flowdesk, EUROD will debut on Bit2Me, one of the first MiCA-authorized exchanges. The stablecoin undergoes external audits and meets strict governance, reporting and redeemability requirements. ECB President Christine Lagarde has warned that unregulated foreign stablecoins could trigger a euro-area run and urged that issuance rights be reserved for EU-authorized entities. EUROD joins Société Générale’s EURCV, Circle’s EURC, AllUnity’s EURAU and a nine-bank alliance planning a compliant euro stablecoin in 2026. With euro stablecoin market cap around $574 million—far below dollar-pegged rivals—MiCA aims to boost EU financial sovereignty. EUROD’s uptake by payment providers and institutional investors will determine its success as a regulated euro stablecoin alternative.