France & Germany Launch EUROD: A New Euro-Backed Stablecoin

A Franco-German banking group, ODDO BHF, has unveiled EUROD, a new euro-backed digital currency operating under the MiCA regulatory framework. This move marks a significant step in Europe’s efforts to establish its own financial presence within the burgeoning world of digital assets.  Unlike other stablecoins that rely on external issuers, EUROD will be issued directly by ODDO BHF, ensuring full regulatory compliance from day one.