French Banking Giant ODDO BHF Enters Crypto Sphere, Launches Euro-Backed Stablecoin EUROD

PANews reported on October 15 that ODDO BHF, a 175-year-old French banking giant with over 150 billion euros ($173 billion) in assets under management, is entering the cryptocurrency field by launching a euro-backed stablecoin called EUROD. The token will be listed on Madrid-based cryptocurrency platform Bit2Me. EUROD aims to be a compliant, low-volatility digital version of the euro. Relevant companies stated that the token complies with the EU's new "Cryptoasset Market Regulations" (MiCA) requirements, and its target users include retail users and institutional users.
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