French finance minister calls for expansion of euro stablecoins

French Finance Minister Roland Lescure has emphasized the need to expand the use of euro-denominated stablecoins, urging European banks to more actively adopt deposit tokens. Speaking at a cryptocurrency conference in Paris, Lescure expressed dissatisfaction with the current situation, noting that the scale of euro stablecoins is small compared to their U.S. dollar counterparts, Reuters reported. He added that he encourages banks to more actively consider offering deposit token products.