ODDO BHF Launches Euro-Backed Stablecoin in a New Market Trend

Franco-German banking group ODDO BHF has launched a stablecoin pegged to the euro, marking a significant development in the European cryptocurrency landscape. The stablecoin, compliant with EU’s Markets in Crypto-Assets (MiCA) regulations, will be issued by ODDO BHF and supported by Flowdesk for liquidity provision and Fireblocks for tokenization infrastructure. This move responds to a growing demand for alternative stablecoins beyond the US dollar-based dominance.