French finance minister calls for euro-based stablecoins [Yahoo! Finance]
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Source: Yahoo! Finance
In pre-recorded comments at a crypto conference in Paris, ?Lescure said the relatively small volume of euro-pegged stablecoins compared to dollar-pegged ones was "not satisfactory". Banks worldwide are experimenting with stablecoins, a type of cryptocurrency designed to ?maintain a constant value ?and backed by traditional currencies. Several have joined forces to trial the technology, especially ?since U.S. President Donald Trump last year signed a law establishing rules for stablecoins. A group of 10 ?European banks, ?including ING, UniCredit and ?BNP Paribas, last year ?formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments. "That is what we need and that is what we ?want." Lescure said on Friday, ?referring to the initiative. "I also ?strongly encourage banks to ?further explore the launch of tokenised ?deposits," he added. The world's largest ?stablecoin, Tether, says ?it has mor
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