French banking giant ODDO BHF has announced the launch of EUROD, a euro-backed stablecoin, marking its entry into the cryptocurrency market. With over €150 billion in assets under management, the 175-year-old bank aims to offer a compliant, low-volatility digital euro alternative. EUROD will be available on the Madrid-based cryptocurrency platform Bit2Me and is designed to adhere to the EU's Markets in Crypto-Assets (MiCA) regulation, targeting both retail and institutional users.