The French finance minister called for the development of a stablecoin for the euro and encouraged EU banks to explore tokenized deposits.

CoinFeed reported on April 18th, citing CoinDesk, that French Finance Minister Roland Lescure stated that Europe needs more euro-denominated stablecoins and encouraged EU banks to accelerate the exploration of tokenized deposits, signaling a potential shift in the French government and central bank's stance. He pointed out that the current market size of euro-denominated stablecoins is far smaller than that of dollar-denominated stablecoins, which is "unsatisfactory," and emphasized that banks should further promote related innovations. In contrast, former Finance Minister Bruno Le Maire has held a strong opposition to privately issued stablecoins, arguing that they threaten monetary sovereignty. Furthermore, French central bank governor Francois Villeroy de Galhau has also warned that stablecoins and tokenized private currencies could exacerbate "monetary privatization," posing a challenge to national sovereignty.