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French finance minister calls for more euro-pegged stablecoins
French Finance Minister Roland Lescure on Friday said Europe needed more euro-based stablecoins and encouraged the bloc's banks to explore tokenised deposits. In pre-recorded comments at a crypto conference in Paris, Lescure said the relatively small volume of euro-pegged stablecoins compared to dollar-pegged ones was "not satisfactory". Banks worldwide are experimenting with stablecoins, a type of cryptocurrency designed to maintain a constant value and backed by traditional currencies. Several have joined forces to trial the technology, especially since U.S. President Donald Trump last year signed a law ... (full story)