French BIS Deputy and Lagarde Clash Over Digital Euro Strategy

KuCoinFlash

Release Time: 05/12/2026 14:05:50

Summary

Digital asset regulation remains a hot topic as French BIS deputy Beau urged faster development of tokenized currencies, clashing with Lagarde’s CBDC-focused approach. Lagarde warned that euro-stablecoins pose risks to liquidity and crypto markets, citing the $310 billion private sector’s potential to destabilize traditional finance. Analysts see a split in Europe’s strategy: one path led by central banks, the other pushing private players to capture on-chain market share.

Odaily Planet Daily report: The debate over Europe’s digital currency roadmap has become more public. On Tuesday, French Central Bank Deputy Governor Beau stated that “all relevant European public and private institutions” should be mobilized to jointly promote the development of tokenized money, sharply contrasting with the cautious stance of European Central Bank President Christine Lagarde.

Lagarde has previously warned that the case for promoting euro-denominated stablecoins is limited, noting that the current $310 billion private stablecoin market, dominated by USDT and USDC, could exacerbate financial fragility and transmit risks to traditional asset markets during periods of market turmoil. Analysts point out that Europe is now pursuing two parallel paths on the digital euro: Lagarde favors a central bank-led CBDC system, while Beau and the banking union advocate accelerating private sector involvement to capture market share in on-chain currency. (CoinDesk)

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