
The country's finance minister supported the Qivalis initiative, launched in 2025, to create a euro-pegged stablecoin under the MiCA framework. Roland Lescure, France’s finance minister, backed an initiative by European banks to launch a euro-pegged stablecoin in 2026 to compete with US dollar-backed tokens, which currently dominate the market. According to a Friday Reuters report, Lescure supported the euro-pegged Qivalis stablecoin plan launched in September 2025 by EU banks, including Dutch lender ING and Italy’s UniCredit. The goal of the banks was to create a stablecoin in compliance with the EU’s Markets in Crypto Assets (MiCA) regulatory framework; the MiCA-compliant euro stablecoin is expected to be launched in the second half of 2026. Read more