French Finance Minister Calls for Expansion of Euro Stablecoin, Signaling a Major Shift in Policy Stance

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Deep Tide TechFlow News, April 17, According to CoinDesk, French Finance Minister Roland Lescure publicly stated on April 17 that Europe needs more euro-denominated stablecoins and strongly encouraged EU banks to explore the launch of tokenized deposits. Lescure explicitly supported the Qivalis alliance, composed of 12 European banks including BBVA, ING, UniCredit, and BNP Paribas, which plans to launch a euro-pegged stablecoin in the second half of 2026, aiming to counter the United States’ dominance in digital payments.

He also pointed out that the current scale of euro-pegged stablecoins is “unsatisfactory” compared to the much larger dollar-pegged stablecoins. This statement contrasts sharply with France’s previous tough regulatory stance—former Finance Minister Le Maire once said that private stablecoins “have no foothold in Europe,” and the Governor of the Bank of France, Villeroy de Galhau, has repeatedly warned of the risks of currency privatization associated with stablecoins.

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