France’s central bank deputy governor told CoinDesk public and private European entities need to get involved in digital asset development, diverging sharply from Christine Lagarde’s stance.
What to know : Denis Beau, deputy governor of France’s central bank, is urging a broad public-private push to develop euro-based tokenized money to counter the dominance of dollar-pegged stablecoins. His stance contrasts with that of European Central Bank President Christine Lagarde, who is wary of privately issued stablecoins and favors a central bank digital euro targeted for around 2029. Beau’s position aligns with Qivalis, a consortium of major European banks planning a private digital euro, amid fears that the lack of liquid on-chain euro options will accelerate “digital dollarization” and weaken Europe’s monetary sovereignty.
