In a landmark move for European financial sovereignty, nine major banks have united to create a euro-backed stablecoin, targeting a late 2026 launch. This consortium-led initiative, backed by the EU’s MiCA regulatory framework, aims directly to counter the overwhelming dominance of US dollar-denominated stablecoins like USDT and USDC. The strategic push is already generating positive market sentiment, fueling investor interest in related crypto infrastructure projects.
about European Banks Launch Euro Stablecoin to Challenge Dollar DominanceFrancois Villeroy de Galhau
0 posts last weekECB Faces Inflation Target Risk Amid Euro Surge
Francois Villeroy de Galhau, a key member of the ECB’s Governing Council, has raised concerns about the central bank’s ability to achieve its inflation target following a significant appreciation of the euro. A stronger exchange rate can dampen inflation by making imports cheaper, potentially forcing the ECB to reconsider its policy stance. This warning highlights the delicate balance central banks must maintain between currency strength and inflation control in a globalized economy.
about ECB Faces Inflation Target Risk Amid Euro SurgeTrump Announces New US Tariffs, Russia Strikes Ukraine
President Donald Trump revealed plans to notify trading partners of new US tariffs, emphasizing simplicity over prolonged negotiations. The measures, effective August 1, will be communicated via letters starting Friday. Concurrently, Russia launched a record air strike on Ukraine, complicating Trump’s diplomatic outreach to Vladimir Putin. Financial experts, including JP Morgan and Barings strategists, weighed in on the geopolitical and economic implications during a Bloomberg discussion.
about Trump Announces New US Tariffs, Russia Strikes UkraineThe Expanding Role of Insurers in Financing the Economy
François Villeroy de Galhau highlighted the crucial role of insurers in financing the economy and ensuring financial stability during a recent event. He emphasized the importance of the insurance sector’s long-term investments, regulatory changes like the Solvency II revision, and the need for a Savings and Investments Union to enhance financial intermediation in Europe.
about The Expanding Role of Insurers in Financing the EconomyNavigating Economic Challenges and Opportunities in Europe for 2025
François Villeroy de Galhau, in his New Year address, emphasized the need for Europe to adopt structural policies to enhance economic growth, focusing on market integration, increased investment, and innovation. He highlighted the importance of simplifying regulations while maintaining robust banking oversight, and noted a positive trend in inflation and economic growth in France, despite ongoing uncertainties. The Banque de France remains committed to fostering trust and stability as the country moves into 2025.
about Navigating Economic Challenges and Opportunities in Europe for 2025