Foresight News reports that, according to Bloomberg citing informed sources, the Paris-based financial group Oddo BHF SCA is collaborating with the cryptocurrency technology company Fireblocks to develop a euro-denominated stablecoin. Oddo expects to launch the token next year, pending regulatory approval. Oddo manages client assets exceeding 140 billion euros (147 billion dollars) and has approximately 3,000 employees as of the end of 2023, with three main business lines: private banking, asset management, and corporate and investment banking. The company is majority-owned by the Oddo family, with net banking income of 806 million euros last year.