#稳定币市场动态 Looking back at the past, the stablecoin sector has always been full of ups and downs. The recent launch of the euro stablecoin EUROD by French banking giant ODDO BHF inevitably reminds people of the past cases where large financial institutions ventured into Crypto Assets. From JPM Coin by JPMorgan to Facebook's Libra project, each instance has triggered a tremendous market reaction.

The emergence of EUROD marks yet another intersection between traditional finance and the encryption world. It reminds me of the scene in 2019 when JPMorgan Chase launched JPM Coin. At that time, many believed it would be a turning point for traditional finance to embrace blockchain technology. However, it turned out that regulatory challenges and market acceptance remain major obstacles.

As an important member of the EU, ODDO BHF's move may open new avenues for the development of the euro stablecoin. However, we must not forget the lessons of the Libra project – even the most powerful tech giants have to reconsider their strategies when faced with global regulatory pressure.

For EUROD, the key issue is whether it can find a balance between compliance and practicality. History tells us that a successful stablecoin requires not only strong technical support but also a clear regulatory framework and broad market recognition.

In the long run, the development trajectory of EUROD will provide us with valuable experience, helping us better understand how Financial Institutions seek their place in the digital asset space. Let's wait and see if this attempt can become a new driving force for the development of the European Crypto Assets ecosystem.