Banque de France Raises Alarm Over Trump’s Stablecoin Push, Calls for Digital Euro

Denis Beau, deputy governor of the Banque de France, has warned that the recent US executive order promoting dollar-backed stablecoins could negatively impact Europe’s financial independence. He emphasizes the urgency for Europe to develop its own digital euro to safeguard its monetary sovereignty. This follows a directive issued by President Donald Trump, which encourages growth of these stablecoins and utilizes public blockchains across both individuals and businesses.