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BTCC / BTCC Square / Global Cryptocurrency /
Banque de France Urges Digital Euro Development Amid Trump’s Stablecoin Push

Banque de France Urges Digital Euro Development Amid Trump’s Stablecoin Push

Author:
Global Cryptocurrency
Published:
2025-04-23 07:29:04
9
1
A senior French central banker has warned that U.S. policy shifts promoting stablecoins could erode European monetary sovereignty. Denis Beau, first deputy governor of the Banque de France, cited Donald Trump’s executive order promoting dollar-backed stablecoins as posing ’concrete adverse consequences’ for Europe’s financial sovereignty. He called for urgent progress on a digital euro to counter this threat. The executive order prohibits work on new forms of central bank digital currency and encourages the use of public blockchains for dollar-backed stablecoins.

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