[All stablecoins](https://revain.org/) › EUROD

# EUROD: issuer, regulation and reviews

Bank-issued stablecoin · euro · ODDO BHF

## Key facts

- **Issuer**: ODDO BHF
- **Legal home**: France
- **Launched**: 2025-10
- **Pegged to**: euro
- **Type**: Bank-issued stablecoin
- **Who can hold it**: Traded on Bit2Me
- **Networks (per the issuer)**: Polygon PoS

Checked on 2026-10-27 against the issuer’s and regulators’ pages (where the issuer is silent — industry press). Terms change — check the sources.

## Regulation

- European Union — issued under MiCA, as stated by the issuer

## What backs EUROD as of 19 October 2026

- Bank deposits with partner banks, managed by ODDO BHF Asset Management

Source: [www.oddo-bhf.com](https://www.oddo-bhf.com/eurod-stablecoin/), snapshot of 19 October 2026. The figures change over time.

## Audits and reserve reports

- ODDO BHF publishes the figures itself. The smart contract was audited by OpenZeppelin.

## Minting and redeeming directly with the issuer

Individuals and small businesses buy through partner exchanges; large companies and institutions deal with ODDO BHF directly. Redemption requires ODDO BHF identity checks.

| Item | Terms |
|---|---|
| Minimum to redeem | None in principle |
| Redemption fee | None in principle |
| Verification | ODDO BHF identity verification (AML/CFT) before redemption; the bank account is checked during whitelisting. |
| Settlement | Two daily cut-offs (10:00 and 16:30 CET) on French bank business days; tokens are burned the same day and paid after the cut-off. |

Not available under the issuer’s terms: the United States and U.S. persons; sanctioned persons and OFAC-sanctioned addresses

## Freezing and seizure

The EUROD contract can freeze the tokens of an address, pause purchases and force transfers. ODDO BHF may use these when it suspects illegal activity or to comply with an authority.

## Networks where the issuer issues EUROD

| Network | Contract address |
|---|---|
| Polygon PoS | [0xd37aF043481DA92eb7E218254952830C066cBCf5](https://polygonscan.com/token/0xd37af043481da92eb7e218254952830c066cbcf5) |

Official list from the issuer (1 networks).

## Contracts by network

The issuer does not publish contract addresses on its pages.

## Risks and caveats

- Not covered by EU investor compensation schemes.
- Funds received for EUROD are part of ODDO BHF’s general assets; EUROD does not rely on a segregated reserve.
- The contract allows ODDO BHF to freeze addresses and force transfers of EUROD.

## About the issuer

- **Issuer**: ODDO BHF SCA, 12 bd de la Madeleine, 75009 Paris (LEI 9695002I9DJHZ3449O66)
- **Parent company**: Financière IDAT (SAS)
- **Regulator / licence**: Credit institution supervised by the ACPR (France)
- **Headquarters**: Paris, France
- **Launched**: 15 October 2025
- **Management**: Philippe Oddo (General partner & CEO)

## Questions and answers

**Who issues EUROD?**

EUROD is issued by ODDO BHF. Legal home: France.

**Who can hold EUROD?**

Traded on Bit2Me.

**How is EUROD regulated?**

European Union: issued under MiCA, as stated by the issuer.

**What backs EUROD?**

Euro funds on ODDO BHF’s balance sheet, managed by ODDO BHF Asset Management as bank deposits with partner banks; there is no segregated reserve. ODDO BHF reported 5,100,000 EUROD in circulation on 19 October 2026.

**Is EUROD audited?**

No independent firm attests the reserves; ODDO BHF publishes the figures itself. The smart contract was audited by OpenZeppelin.

**Can I redeem EUROD directly?**

Yes, after ODDO BHF identity checks. In principle there is no minimum and no fee, with two cut-offs each French bank business day.

**Which blockchain is EUROD on?**

Polygon PoS only.

**Can EUROD be frozen?**

Yes. The contract can freeze addresses, pause purchases and force transfers.

## Sources

- [ODDO BHF — launch of EUROD (2025)](https://www.oddo-bhf.com/2025/10/15/oddo-bhf-launches-its-first-euro-backed-stablecoin/)
- [ODDO BHF — EUROD Stablecoin page (read 2026-10-27)](https://www.oddo-bhf.com/eurod-stablecoin/)
- [ODDO BHF — EUROD MiCA white paper (amended 2026-01-27)](https://www.oddo-bhf.com/app/uploads/sites/2/2026/01/2026-01-27-oddo-bhf-eurod-emt-whitepaper-mica.pdf)
- [ERC20F smart contract audit report](https://www.oddo-bhf.com/app/uploads/sites/2/2025/03/fireblocks-erc20f-audit-report.pdf)

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Page updated: 2026-10-29

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Source: https://revain.org/coins/eurod/