French finance minister backs euro-pegged stablecoins to compete with US
2.07%LINK$9.73 3.16%DOGE$0.1009 2.65%ADA$0.2636 3.69%BTC$77,480 3.97%XLM$0.1738 4.68%SOL$89.68 2.46%XRP$1.48 3.53%BCH$455.04 2.84%ETH$2,439 4.53%HYPE$44.66 2.02%TRX$0.3263 0.01%BNB$641.88 2.05%USD Written by Turner Wright,Staff WriterReviewed by Robert Lakin,Staff EditorFrench finance minister backs euro-pegged stablecoins to compete with US46 minutes agoThe country's finance minister supported the Qivalis initiative, launched in 2025, to create a euro-pegged stablecoin under the MiCA framework. Roland Lescure, France’s finance minister, backed an initiative by European banks to launch a euro-pegged stablecoin in 2026 to compete with US dollar-backed tokens, which currently dominate the market. According to a Friday Reuters report, Lescure supported the euro-pegged Qivalis stablecoin plan launched in September 2025 by EU banks, including Dutch lender ING and Italy’s UniCredit. The goal o
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