French minister urges banks to expand euro stablecoins, tokenized deposits: report
The Block
French Finance Minister Roland Lescure is calling on European banks to increase euro-pegged stablecoin and tokenized deposit development to reduce reliance on U.S. rails.Summary
French Finance Minister Roland Lescure has urged European banks to accelerate the development of euro-pegged stablecoins and tokenized deposits. He expressed concern over the dominance of U.S.-pegged assets in the global digital payments market and voiced support for a consortium formed by ING, UniCredit, and BNP Paribas aimed at launching a euro-pegged stablecoin by late 2026. While research indicates some banks currently perceive limited demand, other studies suggest stablecoins are gaining traction as practical tools for savings and foreign exchange.
(Source：The Block)