French Minister Calls for Banks to Boost Euro Stablecoins

TLDR France’s finance minister urged European banks to accelerate the development of euro stablecoins and tokenized deposits. He said the current volume of euro-pegged tokens remains too low compared to dollar-linked stablecoins. Lescure backed a joint initiative by ING, UniCredit, and BNP Paribas to launch a euro stablecoin in 2026. Dollar-pegged stablecoins exceed $300 billion [...]

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