The French bank ODDO BHF launched its EUROD stablecoin

French banking giant ODDO BHF has reached the launch stage for its EUROD ￰0￱ new stablecoin will be listed on Bit2Me, a Madrid-based crypto ￰1￱ French banking giant ODDO BHF has reached the launch stage for its long-awaited stablecoin ￰2￱ asset joins the growing initiatives for Euro-based stablecoins, as Cryptopolitan reported . ODDO, which has over $150B in assets under management, first announced the EUROD stablecoin at the end of ￰3￱ Paris-based group expected the token to be released by the end of 2025, pending regulatory ￰4￱ is active in private banking, asset management, and corporate and investment ￰5￱ also hopes to position EUROD as a payment solution, combining the agility of stablecoins and the stability of bank-based ￰6￱ on previous reports, ODDO has been collaborating with Fireblocks to create the ￰7￱ new asset arrives at a time when the overall supply of stablecoins is over $300B, with most tokens using dollar-based ￰8￱ approval is becoming more important for stablecoin usage, as a protection against de-pegging based on market ￰9￱ stablecoin is expected to be structured under EU regulations, requiring that all underlying assets are transparent and based on fiat in regulated ￰10￱ regulations are stricter compared to the Genius Act in the USA, which caused a wave of new launches backed by T-Bill ￰11￱ BHF boosts Madrid-based crypto platform The Bit2Me platform was backed by Telefonica and other VC funds, raising over $56M in ￰12￱ B2M token had limited liquidity and hardly reacted to the news, still trading at around $0.013.

Bit2Me aims to bridge crypto-native trading with traditional finance, aiming to cover all requirements of EU-based regulations. ‘ The listing of ODDO BHF’s euro stablecoin is another important step in Bit2Me’s mission to offer trusted, regulated digital assets ,’ said Bit2Me’s CEO Leif ￰13￱ EUROD asset will join EURCV, the stablecoin of Societe Genearale-FORGE. Recently, the increased demand for stablecoins led to a partnership between SG-Forge and Bitpanda, the Austria-based crypto ￰14￱ will carry the MiCAR-compliant EURCV and USDCV on its ￰15￱ leads Euro-based expansion The weakness of the US dollar led to an expansion of EUR-based ￰16￱ extended its active minting to the EURC ￰17￱ asset is used both for intuitive Euro-based trading, and to serve as a source of forex-based trades against USD ￰18￱ supply of EURC has been expanding in the past months, reaching a new record of over 229M tokens, valued at over $266M.

EURC is mostly active on centralized exchanges, though it also retains highly active pairs on Aerodrome and ￰19￱ Euro-based stablecoin is a multi-chain asset, following Circle’s trend of expanding to a wider selection of chains with a bigger DeFi ￰20￱ expansion and trading of EURC is for now more active compared to European bank ￰21￱ is also MiCAR-compliant based on its reserve ￰22￱ up to Bybit and start trading with $30,050 in welcome gifts