Is Telefónica's (BME:TEF) Backing of EUROD Indicating a Shift in Its Digital Strategy?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 19 2025
0mins
Source: Yahoo Finance
Launch of EUROD Stablecoin: French banking group ODDO BHF has introduced EUROD, a euro-backed stablecoin compliant with EU regulations, now available on the Bit2Me exchange, which is supported by Telefónica and BBVA.
Telefónica's Strategic Shift: Telefónica's backing of Bit2Me and the EUROD launch signifies its move into the digital asset space, although the company still faces challenges with high debt and the need for core revenue growth, particularly in light of ongoing discussions to acquire Vodafone's Spanish unit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
