Svmuureports that the public rift over Europe's digital currency roadmap is widening. On Tuesday, Bank of France Deputy Governor Beau stated that "all relevant European public and private institutions should be mobilized" to jointly promote the development of tokenized money, marking a clear divergence from the cautious stance of European Central Bank President Christine Lagarde.
Lagarde has previously warned multiple times that the significance of promoting euro-denominated stablecoins is limited, and pointed out that the current private stablecoin market of approximately $310 billion (led by USDT, USDC) could exacerbate financial vulnerabilities, even transmitting risks to traditional asset markets during market turmoil. Analysts note that Europe is forming "two parallel paths" on the digital euro course: Lagarde leans towards a central bank-led CBDC system, while Beau and the banking alliance advocate for accelerating private sector participation to capture market share in on-chain currencies. (CoinDesk)