France's Central Bank Deputy Calls for Public-Private Digital Euro Push, Clashing With Lagarde

According to CoinDesk, France’s central bank deputy Denis Beau recently called for European public and private sectors to jointly develop tokenized euro currencies to counter the dominance of U.S. dollar stablecoins such as USDT and USDC. This stance contrasts with ECB President Christine Lagarde, who views private stablecoins as financial stability risks and favors a central bank-led digital euro expected to launch in 2029.

Beau’s position aligns with the Qivalis consortium, comprising 12 major European banks including ING, BBVA, and BNP Paribas, which plans to launch a private digital euro this year. The eurozone system will also introduce its first tokenized wholesale central bank money service by year-end, according to Beau.