Deployments · platform by Fireblocks

ODDO BHF EUROD euro stablecoinNew

A euro stablecoin issued by the French bank ODDO BHF as a MiCA e-money token on Polygon, launched in October 2025. ODDO BHF does not sell it to the public directly: it is distributed through approved platforms, starting with the Spanish exchange Bit2Me, with Flowdesk providing liquidity and Fireblocks the tokenisation platform. The collateral is managed by ODDO BHF Asset Management as bank deposits with partner banks.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 15 Oct 2025^[2] — Launched through one exchange partner; the issuer reports no tokens in circulation (Sep 2026). · Reviewed 17d ago

Assets: Stablecoin^[4]
Bank-issued euro e-money token under MiCA
Networks: Polygon Public, permissionless^[4]
Use cases: Primary issuance^[2]Payments^[3]
Jurisdictions: France, European Union

Participants

ODDO BHFIssuer, Operator^[2]France
Bit2MeDistributor^[2]Spain
FlowdeskCounterparty^[2]France
FireblocksPlatform provider, Technology provider^[2]United States
Morgan LewisLegal or professional adviser^[4]United States

Operates under

MiCA e-money token issuers notified on ESMA's interim register (selected holders)European Union · Product or firm authorisation^[1]
Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114European Union · Primary legislation^[2][5][4]

Assets

IssuesEUROD (EUROD)^[4]

Metrics

€5.1mEUROD in circulation (issuer figure) · as of 28 Sep 2026^[6]
ODDO BHF's EUROD page (last updated 28 Sep 2026) shows 5.1 million EUROD in circulation; its counter animates up from 0 on load, which was first misread as 0 (editor check, decision 2026-10-18-value-gaps-1).
€5.1mTokens minted on Polygon (total supply) · as of 18 Oct 2026 · on Polygon^[7]
totalSupply() of the issuer-published Polygon PoS contract (18 decimals), read via a public Polygon RPC; matches the issuer's circulation figure.
~€5.1mSupply on chain (daily) · as of 7 Nov 2026^[8]
Automated daily reading of on-chain supply across all chains.
~€5.1mSupply on chain (daily) · as of 7 Nov 2026 · on Polygon^[8]
Automated daily reading.

Timeline

Happened 15 Oct 2025 · Launch · recorded 14 Oct 2026
ODDO BHF launches EUROD, listed on Bit2Me, with Flowdesk for liquidity and Fireblocks as the tokenisation platform.^[2]

Sources

[1]Interim MiCA register of e-money token white papers (EMTWP.csv) — ESMA. Accessed 14 Oct 2026.A
[2]ODDO BHF launches its first euro-backed stablecoin — ODDO BHF, 15 Oct 2025. Accessed 14 Oct 2026.B
[3]EUROD stablecoin — ODDO BHF. Accessed 14 Oct 2026.B
[4]EUROD e-money token white paper (MiCA), version of 27 January 2026 — ODDO BHF, 27 Jan 2026. Accessed 14 Oct 2026. States EUROD is an ERC-20 token on Polygon PoS; ODDO BHF Asset Management is collateral manager..B
[5]Interim MiCA register - white papers for e-money tokens (EMTWP) — ESMA. Accessed 14 Oct 2026. ODDO BHF SCA (ACPR), EUROD white paper notified 15 Oct 2025..A
[6]EUROD Stablecoin - ODDO BHF — ODDO BHF. Accessed 18 Oct 2026. Key figures block (circulation, collateralisation) and the Polygon PoS smart contract address 0xd37aF043481DA92eb7E218254952830C066cBCf5..B
[7]EUROD token on Polygon PoS — Polygonscan. Accessed 18 Oct 2026. The explorer page sits behind a bot check; the supply was read with eth_call totalSupply() on public Polygon RPCs (publicnode, drpc)..A
[8]Supply by chain, read daily — On-chain (public RPC, automated daily refresh). Accessed 7 Nov 2026.A

Spotted something out of date or missing? Suggest a correction, ideally with a source.