The country's finance minister supported the Qivalis initiative, launched in 2025, to create a euro-pegged stablecoin under the MiCA framework.
Euro News
The euro is the official currency for the 19 European countries of the Eurozone, along with another nine countries. The euro is the main competitor of the dollar and it has a leading position of being the one of the major reserve currencies. European banks use euro to raise funds in order to secure their core business. This fact makes the euro a funding currency. In terms of cryptocurrency, the euro is used as frequently as the dollar for conversion into digital currency and vice versa, that can be seen for the most popular requests in the Internet such as Euro to Bitcoin, Satoshi in Euro and so on. Besides that, the euro and blockchain technologies are connected, as many investments into these technologies are made in euro by European investors.
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AllUnity says it is expanding EURAU stablecoin liquidity pools across major DEXs such as Uniswap and Raydium, with trading pairs against USDT and USDT0.
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A Bank of France official called for tighter MiCA rules on non-euro stablecoins as lawmakers advance reporting requirements for self-custodial crypto wallets above 5,000 euros.
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Euro stablecoins now make up more than 80% of non-dollar supply, with EURC leading volumes as MiCA and payment-rail integrations support adoption.
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The ECB’s Piero Cipollone said the central bank wants key technical standards for a possible digital euro locked in by this summer so banks and merchants can prepare for the rollout.
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The initiative targets how a digital euro would operate across existing payment rails, with emphasis on offline transactions and interoperability.
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ECB president Christine Lagarde is a crypto skeptic, but her likely successors are no more enthusiastic about cryptocurrencies.
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The ECB is set to begin selecting EU-licensed payment providers for its digital euro pilot this quarter, with the 12-month pilot set to kick off in the second half of 2027.
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European lawmakers endorsed the ECB’s digital euro plans as a way to shore up the bloc’s monetary sovereignty, while reiterating that the central bank must remain independent.
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European Central Bank executive Piero Cipollone has argued that rising geopolitical tensions make a European-controlled payments system a strategic necessity.
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Economists urge EU lawmakers to back a public digital euro, warning that private stablecoins and foreign payment companies threaten Europe’s monetary sovereignty.
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Experts say the digital euro’s outcome hinges on a political compromise with parties fighting for the limits of privacy and online functionality.
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The Council of the European Union endorsed the launch of the European Central Bank’s digital euro in both an online and a privacy-focused offline version.
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The European Central Bank plans to enable DLT transactions in 2026 as it prepares for the digital euro issuance and lawmakers establish rules on privacy.
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The IMF and South Africa’s central bank are still concerned about stablecoins, while in the US, spot crypto products can now be traded on futures markets.
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