Franco-German bank Oddo BHF introduces euro-backed stablecoin

ODDO BHF has launched EUROD as a euro-backed stablecoin, intending to offer a European option against USD-pegged counterparts as they gather momentum in crypto.

With market giants like USDT and USDC holding over 83% of the stablecoin market, ODDO BHF’s strategic move signifies Europe’s ongoing adaptation to embrace euro-pegged solutions amidst regulatory advancements.

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