6 days ago
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Key Takeaways
- 99% of stablecoins are currently dollar-denominated; euro stablecoins hold just 0.35% of a $300B+ market
- Nine European banks including ING and UniCredit are launching a joint euro stablecoin by late 2026
- The Bank of France wants MiCA revised to restrict everyday use of non-euro stablecoins
- The US GENIUS Act and EU MiCA represent opposing philosophies on who stablecoins should serve
The report highlights a critical window for the Eurozone to establish its own digital currency infrastructure before US-backed tokens become the permanent standard.
The ECB data highlights this disparity: 99% of stablecoins in circulation are denominated in US dollars. Euro alternatives account for just 0.35% of a market that has already crossed $300 billion. It is against that backdrop that Denis Beau, First Deputy Governor of the Banque d...
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