Denis Beau: Supports public-private cooperation in developing tokenized euro currency

Denis Beau, Deputy Governor of the Bank of France, has called for public-private collaboration to develop euro-based tokenized currencies, in order to address the dominance of USD stablecoins. His stance contrasts with European Central Bank President Christine Lagarde's preference for a central bank digital euro. European banking consortiums including Qivalis plan to launch private digital euros, expressing concerns that the lack of on-chain euro options could accelerate "digital dollarization" and undermine European monetary sovereignty.