Franco-German bank ODDO BHF launches euro-backed stablecoin

French banking giant ODDO BHF has launched EUROD, a new euro-backed stablecoin that aims to enhance digital transactions and provide a stable alternative in the cryptocurrency market. This initiative is significant as it reflects the growing trend of traditional financial institutions embracing blockchain technology, potentially increasing trust and adoption among users. EUROD could pave the way for more innovative financial products and services, making it an exciting development in the evolving landscape of digital finance.

Stripe's stablecoin initiative, Bridge, is making waves by applying for a national trust bank charter under the GENIUS Act, which aims to regulate stablecoin issuers. This move could usher in a new era for stablecoins, ensuring they are backed by cash or Treasury reserves and promoting transparency through monthly disclosures. As more regulated issuers emerge, it could lead to a 'Stablecoin Season,' enhancing the relationship between traditional banking and blockchain payments. Notably, the Best Wallet token ($BEST) is poised to gain from this shift, providing users with secure custody options.

The French banking institution ODDO BHF has made a significant move by launching its euro-backed stablecoin, EUROD, which will be available on the Madrid-based crypto platform Bit2Me. This development is noteworthy as it reflects the growing trend of traditional financial institutions entering the cryptocurrency space, potentially increasing trust and adoption among users. With EUROD, ODDO BHF aims to provide a stable digital currency option that could enhance transactions and investments in the eurozone.

BRIC has successfully reached a $299.5 million settlement with Tether in a significant legal battle involving Celsius. This resolution is crucial as it not only alleviates financial pressures for Celsius but also reinforces the stability of the cryptocurrency market. The settlement marks a pivotal moment for stakeholders, providing clarity and potentially paving the way for future collaborations in the crypto space.

Tether has agreed to pay $300 million to settle claims related to the $4.5 billion bankruptcy of Celsius, a significant move that could help restore confidence in the cryptocurrency market. This settlement not only alleviates some of the financial burden on Celsius but also demonstrates Tether's commitment to resolving disputes in the crypto space, which is crucial for maintaining stability and trust among investors.

Stripe's recent announcement to enable subscription payments in USDC through the Base and Polygon blockchains marks a significant step towards integrating stablecoins into mainstream payment systems. This move not only enhances the flexibility of payment options for businesses but also signals a growing acceptance of cryptocurrency in everyday transactions, potentially attracting more users to digital currencies.

Tether has reached a significant $300 million settlement in the Celsius bankruptcy case, marking a crucial step in resolving ongoing legal issues since Celsius filed for bankruptcy in July 2022. This agreement not only alleviates some financial pressure on Celsius but also signals a positive turn for stakeholders involved, potentially paving the way for recovery and future stability in the crypto market.

Tether's recent settlement of $299.5 million with Celsius is sparking discussions about the accountability of stablecoins and the potential legal risks for issuers in future cryptocurrency bankruptcies. This development is significant as it highlights the ongoing challenges and uncertainties in the crypto market, particularly regarding how stablecoin issuers manage their liabilities and navigate legal frameworks.

Celsius has successfully secured $300 million from Tether, thanks to a consortium formed by GXD Labs and VanEck. This recovery of funds is significant as it addresses claims against Tether, providing a much-needed boost to Celsius's financial situation. This development not only helps Celsius in its wind-down process but also reflects positively on the collaboration between these companies, showcasing the potential for recovery in the cryptocurrency space.

Tether has successfully settled its lawsuit related to the Celsius bankruptcy by paying $299.5 million, which resolves all outstanding issues. This settlement is significant as it not only alleviates legal pressures on Tether but also marks a step towards stabilizing the cryptocurrency market, which has faced turbulence due to various bankruptcies. The involvement of the Blockchain Recovery Investment Consortium, a collaboration between GXD Labs and VanEck, highlights the ongoing efforts to restore confidence in the crypto space.

Tether has successfully resolved all issues related to the Celsius bankruptcy case, which could significantly boost its stability and trustworthiness in the cryptocurrency market. This development is important as it may set a precedent for how future crypto bankruptcy cases are handled, potentially leading to more favorable outcomes for investors and stakeholders.

Investment firm William Blair has recognized Circle as the 'most important' player in the stablecoin market, initiating coverage with an 'Outperform' rating. This endorsement highlights Circle's significant role in the evolving cryptocurrency landscape, suggesting strong potential for growth and stability in the sector.

In 2025, the landscape of crypto futures trading is thriving, with platforms like Kraken and OKX leading the way. These platforms are not just about buying and selling; they offer advanced trading tools, liquidity, and leverage that can significantly enhance trading strategies. This matters because as more traders enter the crypto market, having access to reliable and efficient trading platforms is crucial for maximizing potential profits and minimizing risks.

Hamilton Lane has made a significant move by launching its SCOPE fund on the Sei Network, allowing qualified investors worldwide to access private credit through tokenization. This development is noteworthy as it marks the entry of one of the largest private markets investment managers into the blockchain space, potentially transforming how private credit investments are made and managed.

Sony Bank is making significant strides by pursuing a US trust charter to offer stablecoin and custody services. This move is important as it positions Sony Bank to tap into the growing demand for digital assets and enhance its service offerings in the financial sector. By entering the stablecoin market, Sony Bank could attract a new customer base and contribute to the evolving landscape of cryptocurrency, making it a noteworthy development in the banking industry.

Despite a slowdown in Bitcoin's performance this October, analysts are optimistic about its potential to catch up with gold. This is significant as it highlights the resilience of Bitcoin in the market, suggesting that it may soon regain momentum and challenge traditional assets like gold. Investors are keenly watching these developments, as they could indicate a shift in market dynamics and investment strategies.

The recent market crash has significantly impacted XRP, dropping its price to $1.2 before a slight recovery. Crypto analyst Steph suggests that while there may be a chance for recovery, his analysis indicates a troubling outlook for XRP's future. This situation is crucial for traders as it highlights the volatility of the cryptocurrency market and raises questions about the sustainability of XRP's value moving forward.

Hyperliquid has just launched HIP-3, allowing anyone to create perpetual futures contracts by staking $20 million. This move is significant as it democratizes access to decentralized finance (DeFi), enabling more builders to participate without needing committee approval. However, it raises questions about whether the existing safeguards can manage the potential influx of new markets and participants. As DeFi continues to evolve, this could be a pivotal moment for the industry.