Franco-German Banking Group Oddo BHF has launched a StableCoin pegged to the euro under the European Union’s Crypto-Assets (MICA) regulation.
According to a announcement On Wednesday, the bank will serve as the issuer of Eurod StableCoin, while the market-making platform will provide liquidity and fireblocks will provide the tokenization infrastructure.
Guy de Leusse, Deputy Chief Operating Officer at Oddo BHF, said the group “felt it important to offer a European solution denominated in Euros to provide an alternative to StableCoins denominated in US dollars.”
Stablecoins are digital tokens pegged to traditional currencies like the euro. The new token was first listed on the Spanish-based Crypto Exchange Bit2me.
Oddo BHF is a privately owned European Financial Group formed in 2016 by the merger of France’s Oddo Bank, founded in 1849, and Germany’s BHF-Bank, founded in 1854. According to Bankit operates throughout France, Tunisia, Germany and Switzerland.
Related: EU Eyes Crypto Oversight Under ESMA To End Fragmented Supervision
The European StableCoins Rising
Until now, the StableCoin market has been dominated by dollar-pegged tokens. Tether’s USDT (USDT) and Circle’s USDC (USDC) remain the world’s two largest, accounting for more than 83% of the total $306.35 billion StableCoin market capitalization, according to Data from Defillama.
But the rest of the world, especially Europe, is starting to take more interest in developing stablecoins that are pegged to their fiat currencies.
On April 20, 2025, the regulated digital asset of the société Générale, Sg-Forge, introduced Eur Coinvertible, a Euro-denominated stableCoin on Ethereum Available to qualified institutional investors on board the bank.
In July, Allunity, a joint venture backed by flow traders, Deutsche Bank’s DWS, and Galaxy, announced the release of Eurou. The Regulated Euro-Pegged StableCoin Became publicly available on July 31.
Nine European banks have also announced plans To launch a Euro-pegged StableCoin, which is expected to launch in the second half of 2026.
According to Bhau Kotecha, co-founder of Paxos Labs, “USD-backed stocks have benefited from a multi-year head start.” To achieve comparable growth, he said, the Euro and other fiat issuers “need to develop unique adoption strategies that focus on the right partnerships, use cases, and liquidity pathways.”
Because the United States passed the Genius Act StableCoin Bill By July 2025, momentum appears to be building in Europe to produce homegrown, Euro-denominated StableCoins.
In September, the president of the European Central Bank (ECB), Christine Lagarde, warned that the European Union must be closed Regulatory loopholes around foreign stablecoins.
Speaking Thursday during a hearing on The Eurozone economic outlook.
Europe has become debate of a digital euroa central digital bank currency, in the European Parliament from 2023, but its Launch is not expected before 2029.
Magazine: Delayed
