PANews 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 possible 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 taken a strong stance against privately issued stablecoins, arguing that they threaten monetary sovereignty. Furthermore, French central bank governor Francois Villeroy de Galhau has warned that stablecoins and tokenized private currencies could exacerbate “monetary privatization” and pose a challenge to national sovereignty.

Roland Lescure supports the Qivalis consortium, comprised of 12 European banks including BBVA, ING, UniCredit, and BNP Paribas, which plans to launch a euro-denominated stablecoin in the second half of 2026 to counter the dollar's dominance in digital payments.