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France Urges Euro Stablecoins to Break Dollar Dependency | PYMNTS.com
- France urges euro-stablecoins and tokenized deposits to curb dependence on non-European payment providers.
- Lescure spoke at a Paris cryptocurrency conference, stressing euro-stablecoins as a strategic need.
- Qivalis aims to debut a euro-stablecoin in the second half of 2026, signaling industry collaboration.
- ECB officials emphasize the digital euro to boost European monetary self-sufficiency.
- Parliament’s endorsement of the digital euro advances regulatory approval and a 2029 rollout.
- ECB delays cited as draft legislation remains on hold longer than expected.
- France links euro-stablecoins to broader European strategic autonomy in payments.
- Lescure favors tokenized deposits alongside euro-stablecoins to diversify payment rails.
- Eurozone banks formed Qivalis to push a euro-pegged stablecoin in 2026.
- The digital euro remains central to Europe’s payment strategy amid debate and delays.
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