France’s central banker Beau clashes with Lagarde over private digital euro plans

France’s central bank deputy governor told CoinDesk public and private European entities need to get involved in digital asset development, diverging sharply from Christine Lagarde’s stance. What to know : Denis Beau, deputy governor of France’s central bank, is urging a broad public-private push to develop euro-based tokenized money to counter the dominance of dollar-pegged stablecoins. His stance contrasts with that of European Central Bank President Christine Lagarde, who is wary of privately issued stablecoins and favors a central bank digital euro targeted for around 2029. Beau’s position aligns with Qivalis, a consortium of major European banks planning a private digital euro, amid fears that the lack of liquid on-chain euro options will accelerate “digital dollarization” and weaken Europe’s monetary sovereignty.