ODDO BHF Launches Euro-Backed Stablecoin: Expanding into Crypto with EUROD

French banking giant ODDO BHF has ventured into the cryptocurrency market, launching its own euro-backed stablecoin called EUROD. This innovative move signals a major shift for the institution as it joins the growing list of traditional financial institutions exploring blockchain technology and digital assets. The introduction of EUROD represents an expanding trend in the financial sector as more banks embrace digital currencies.