EU Urged to Develop Euro Stablecoins by 2026
- French Finance Minister Roland Lescure calls for euro-based stablecoins by 2026 to counter U.S. dominance.
- Tether leads the market with a circulation of $185 billion in dollar-pegged stablecoins.
- Societe Generale’s euro stablecoin remains at just €107 million ($126 million).
- The European Central Bank (ECB) plans to use the digital euro as a central anchor for tokenization efforts starting in late 2026.
- A consortium including ING, Unicredit, and BNP Paribas is set to launch a competitive euro-pegged stablecoin.
Roland Lescure emphasizes the need for European banks to develop euro-based stablecoins by late 2026 to maintain financial sovereignty and reduce reliance on U.S.-dominated payment systems.
Despite Tether’s market lead with $185 billion, European efforts like Societe Generale’s €107 million stablecoin lag behind, highlighting the urgency of Lescure’s call for action. (Source)
