French finance minister calls for euro stablecoin sovereignty
French Finance Minister Roland Lescure urged European banks to develop euro denominated stablecoins and tokenized deposits, backing the Qivalis bank consortium and the ECB’s digital euro as counterweights to dollar dominance onchain.
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Lescure's push aligns Paris behind Qivalis, the Amsterdam-based consortium of 37 banks from 15 countries targeting a second-half 2026 euro stablecoin launch under Dutch central bank authorization.
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