French banking giant ODDO BHF has launched EUROD, a euro-backed stablecoin listed on Bit2Me under the EU's MiCA regulation. Backed by Telefónica and BBVA, the project aims to merge traditional finance with blockchain-based payments. The move aligns with Europe's regulatory push to challenge U.S. dollar dominance, as banks including Société Générale and Deutsche Börse expand their own euro-token initiatives. Regulators, however, warn that non-EU issuers could threaten euro stability without stricter safeguards.The post 175-Year-Old French Bank Issues First Stablecoin Under EU MiCA Rules appeared first on BeInCrypto.