French Finance Minister Urges Expansion of Euro Stablecoins and Tokenized Bank Deposits

French Finance Minister Roland Lescure said Europe needs a larger ecosystem of euro-denominated stablecoins and called on EU banks to speed up work on tokenized deposits, according to CoinDesk. He described the current euro stablecoin market—still far smaller than the dollar-pegged segment—as "unsatisfactory." The push highlights a shift in tone from some French policymakers. Former Finance Minister Bruno Le Maire had previously opposed privately issued stablecoins. Bank of France Governor François Villeroy de Galhau has also warned that stablecoins could undermine monetary sovereignty.