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France's Finance Minister Calls for More Euro Stablecoins, Expresses Qivalis Support
- On Friday, French Finance Minister Roland Lescure urged European banks to issue more euro-based stablecoins and explore tokenized deposits to help end U.S. dominance in digital payments.
- Qivalis, a group of 12 European banks including BBVA, ING, UniCredit, and BNP Paribas, formed a company to launch a euro-pegged stablecoin in the second half of 2026 to counter Tether's dominance.
- While Tether maintains more than $185 billion in dollar-pegged tokens in circulation, Societe Generale's euro-pegged stablecoin, launched in 2023, holds just 107 million euros , illustrating the market gap.
- Lescure also supported European Central Bank plans to prioritize a digital central bank currency at the center of tokenization efforts, calling the approach "the right balance."
- Amid concerns over payment fragmentation, European policymakers seek to reduce reliance on non-European providers, though a recent RBC Capital Markets survey found two-thirds of banks perceive stablecoin demand as limited.
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18 Articles
The French Finance Minister argued that Europe needs more stablecoins indexed to the euro, in order to stop the growing dominance of the United States of America (USA) in digital payments.
Bitcoin.com
Cryptocurrency News | Cryptocurrency Prices | Market CapFrench Finance Minister: Euro-Based Stablecoins Vital to European Financial Sovereignty
French Finance Minister Roland Lescure has called on European banks to aggressively develop euro-based stablecoins and tokenized deposits to challenge the overwhelming dominance of the U.S. dollar in digital payments. Key Takeaways: Roland Lescure urged EU banks to launch euro stablecoins by 2026 to counter U.S. financial dominance. Tether leads the market with $185 billion, […]
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Latest France's finance minister calls for more euro stablecoins in sign of government policy shift
Blockchain technology France’s finance minister calls for more euro stablecoins in sign of government policy shift The statements signal a potential shift in stance within the French government and its central bank. Apr 17, 2026, 12:33 p.m. Make preferred on Europe needs more euro-issued stablecoins and banks across the European Union (EU) countries must explore tokenized deposits, French Finance Minister Roland Lescure said Friday, according to…
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