French Central Bank Vice Governor Denis Beau stated that Europe should mobilize both the public and private sectors to jointly develop euro tokenized currency to counter the dominance of US dollar stablecoins and the risk of "digital dollarization." His view clearly diverges from that of European Central Bank President Christine Lagarde, who previously took a cautious stance on private stablecoins and is more inclined to promote the digital euro CBDC expected to be launched in 2029. Beau believes that Europe needs to develop a "pan-European private digital euro" scheme issued by regulated financial institutions and strengthen the MiCA regulatory framework. His position is similar to that of the European Banking Alliance Qivalis, which includes ING, BBVA, and BNP Paribas, and plans to launch a private digital euro this year. (CoinDesk)