French Central Bank Executive's Growing Disagreement with Lagarde: Digital Euro Path Dispute Heats Up, Private Stablecoin Strategy Diverges

Odaily Planet Daily News The dispute over the path of European digital currency is becoming more public. Bank of France Deputy Governor Beau stated on Tuesday that "all relevant European public and private institutions should be mobilized" to jointly promote the development of tokenized currency, a clear departure from the cautious stance of European Central Bank President Christine Lagarde.

Lagarde has previously warned on multiple occasions that the significance of promoting euro-denominated stablecoins is limited, and pointed out that the current private stablecoin market of approximately $310 billion (dominated by USDT and USDC) could exacerbate financial fragility, and even transmit risks to traditional asset markets during market turmoil. Analysts point out that Europe is forming "two parallel paths" regarding the digital euro: Lagarde favors a central bank-led CBDC system, while Beau and the banking alliance advocate accelerating private sector participation to capture market share in on-chain currency. (CoinDesk)