Overview
- EUROD debuts on Madrid-based Bit2Me, an exchange backed by Telefónica, BBVA and Unicaja, targeting both retail and institutional users.
- ODDO BHF says the token is fully backed by euro reserves with external audits to support transparency and redemption requirements.
- The bank selected Fireblocks for tokenization and institutional custody and appointed Flowdesk to manage market liquidity operations.
- EUROD is issued on the Polygon network to enable faster, lower-cost transfers, according to the launch announcements.
- The rollout underscores Europe’s push for regulated euro stablecoins under MiCA as banks develop on-chain alternatives to dollar-pegged tokens.