French minister urges banks to launch euro stablecoins
Roland Lescure urged European banks to develop euro-based stablecoins and tokenized deposits. This move aims to reduce reliance on dollar-pegged assets.
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France's Finance Minister Roland Lescure has called for a significant expansion of euro-based stablecoins and urged European financial institutions to accelerate the development of tokenized deposits. Speaking in pre-recorded remarks at a cryptocurrency conference in Paris, Lescure highlighted the current disparity between digital assets pegged to the euro and those tied to the United States dollar, noting that the volume of euro-denominated stablecoins remains unsatisfactory compared to the broader EUR/USD market.
