- The European Commission's push is a strategic response to the rapid growth of US dollar-backed stablecoins, which pose a risk to European monetary sovereignty and financial stability.
- The plan includes expanding the stock of common bonds, similar to the NextGenerationEU program, to finance European-wide public goods like defense and digital transitions.
- A consortium of 10 central European banks has already established a company, Qivalis, to develop and issue a euro-pegged stablecoin, targeting a launch in the second half of 2026.
- European Central Bank President Christine Lagarde has urged lawmakers to quickly implement a legislative framework to pave the way for a potential digital euro, citing the risk from dollar-linked stablecoins.
- The expansion of joint debt is seen as a way to create a sizeable contribution to the expansion of euro safe assets, which would deepen euro debt markets.
EU finance ministers to discuss boosting euro's global role with stablecoins and joint debt
Feb 6, 2026, 12:53:52 PM UTC(9 hours ago)
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From:@DeItaone
🇪🇺 EU TO PUSH EURO WITH STABLECOINS AND JOINT DEBT
EU finance ministers will meet February 16 to discuss boosting the euro’s global role through euro-denominated stablecoins, digital currencies, and expanded joint EU debt issuance.
The European Commission says a stronger euro would enhance financial security, lower borrowing costs, and reduce reliance on the U.S. dollar — especially as dollar-based stablecoins dominate global markets.
The plan also calls for deeper euro debt markets, a European payments system, more trade invoicing in euros, and reforms to create a true single EU capital market.
