French Finance Minister Roland Lescure has officially called for a significant increase in euro-denominated stablecoins to challenge the dominance of U.S. dollar-backed tokens like Tether (USDT). Speaking at a crypto conference in Paris on April 17, 2026, Lescure endorsed Qivalis, a consortium of 12 major European banks (including BNP Paribas, ING, and UniCredit) set to launch a MiCA-compliant euro stablecoin in late 2026. This marks a major policy shift for France, moving away from previous opposition toward a "monetary sovereignty" strategy aimed at reducing reliance on non-European payment providers.