Overview
- Lescure, speaking Friday in pre‑recorded comments at a Paris crypto event, said Europe needs more euro‑based stablecoins and pressed banks to explore tokenized deposits.
- He explicitly endorsed Qivalis, a consortium that includes ING, UniCredit, BBVA and BNP Paribas, which is working toward a euro‑pegged coin targeted for the second half of 2026 under EU rules.
- He called the small scale of euro coins versus dollar tokens not satisfactory, with Tether reporting more than $185 billion outstanding while Société Générale’s euro coin sits near €107 million.
- He voiced support for the European Central Bank’s plan to put a digital euro at the center of tokenization, calling that approach the right balance.
- Adoption remains a hurdle as two‑thirds of European banks surveyed by RBC Capital Markets reported limited customer demand, making regulatory approvals and real‑world use the next milestones to watch.