French banking giant ODDO BHF launches euro stablecoin EUROD
Jinse Finance reported, citing CoinDesk, that French banking giant ODDO BHF has announced the launch of the euro-backed stablecoin EUROD, officially entering the cryptocurrency sector. The bank manages assets exceeding 150 billions euros (approximately 173 billions USD). EUROD will be listed on a cryptocurrency platform in Madrid, which is supported by major institutions such as telecom giant Telefonica and banking giants Unicaja and BBVA. The stablecoin complies with the EU's MiCA regulatory requirements and is available to both retail and institutional users.
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