My first reaction upon seeing this is Why @0xPolygon? With so many public chains on the market, why Polygon? 1️⃣ I first searched for banking information. This bank I looked up is quite impressive. ODDO BHF has over 170 years of history. In the 2019 Firstfive Awards, its trust products won the "Best of the Year" award. It is a "backbone force" in the French asset management field. 2️⃣ Then I looked into why it chose Polygon. It’s actually quite obvious; some public chains focus on the U.S. market, while others focus on the Asian market. Polygon itself is recognized for its low fees and high speed. And one more thing I think is most important: Polygon has made significant progress in Europe by engaging with traditional financial giants. For example, Swiss AMINA Bank, Cypher Capital, AlloyX, Stripe, etc., are all important partners of Polygon. 3️⃣ A simple look into the future: It represents that traditional banks will follow suit in large numbers to issue digital asset products. This suggests the enormous potential of the entire compliant stablecoin market. That is, the potential of Web3 (the industry) / RWA (the narrative itself). It also indicates that Polygon, as an enterprise-level blockchain network, has gained institutional validation. In the wave of compliant stablecoin development, especially in Europe, it has already secured a place. This is good news not only for the network itself but also for the token $POL.
1d ago
ODDO BHF, the 175 year-old French banking giant, has officially launched its first euro-backed stablecoin, exclusively on Polygon. EUROD is issued in compliance with the European MiCA, with listing on Bit2me. For onchain efficiency, institutions choose Polygon.
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