Banque de France Warns Trump’s Stablecoin Order Threatens EU Financial Sovereignty

Denis Beau, Deputy Governor of the Banque de France, has warned that the U.S.’s recent focus on stablecoins could undermine European monetary independence. In his speech last week, he highlighted the impact of President Trump’s executive order, which promotes dollar-backed stablecoins while hindering development of a digital euro. He stressed the risk of private, non-European alternatives dominating tokenized finance if Europe fails to implement its own digital currency solution.