Polygon, the Ethereum scaling solution, is growing in Europe as banks adopt its network for Web3.
This expansion was underscored by the announcement that ODDO BHF, a 175-year-old French banking giant, launched its Euro-backed stablecoin, EUROD, exclusively on Polygon. The launch represents a significant milestone for both Polygon and the broader European crypto ecosystem.
ODDO BHF described EUROD as one of the first stablecoins issued by a European bank, designed to combine the reliability of traditional finance with the transparency and efficiency of blockchain technology. EUROD complies with the European MiCA regulation, ensuring the highest standards of legal and financial compliance.
Managed by ODDO BHF Asset Management, each EUROD token benefits from rigorous collateral management, reinforcing both liquidity and security. The stablecoin is aimed at companies and individuals seeking instant, transparent, and secure euro-denominated transactions. With EUROD, users gain immediate access to euro liquidity while leveraging the expertise and guarantees of a leading European bank.
The embedded tweet could not be found…
The EUROD launch exemplifies a broader trend of regulated, asset-backed stablecoins in Europe. According to the European Central Bank, the adoption of digital euros and stablecoins is accelerating as financial institutions seek ways to integrate blockchain technology while remaining fully compliant with regional regulations.
On October 12th, Polygon highlighted its strong performance during a recent wave of market volatility that tested the limits of blockchain networks worldwide. While other systems faced congestion or downtime, Polygon’s infrastructure held steady, allowing users to continue sending transactions and moving funds globally without disruption.
The network credited its resilience to recent technical upgrades, including the Bhilai upgrade. It increased throughput by raising the block gas limit; the Heimdall upgrade, which improved consensus stability and sped up transaction finality; and the Rio upgrade, which introduced near-instant finality and reduced the risk of network reorganization.
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
XRP is trading near $1.38 after its August rally, with bulls defending $1.35 support while facing resistance at $1.43 and $1.55.
XRP
Bitcoin and Ethereum have climbed to multi-month highs, but prediction-market traders remain cautious about their chances of reaching major price targets in 2026.
BTC
ETH
Bitcoin ETFs attracted $101.15 million on September 2 as Ethereum, XRP and Solana funds recorded daily outflows, highlighting a shift toward BTC.
SOLXRP+1 moreYesterday’s market tested every network’s limits: infrastructure, stability, and trust. Through volatility Polygon remained strong, with open rails for users making transactions and moving money around the globe. Recent network upgrades all laid the groundwork for this kind of Show more
