Topic

European

2 essays

Wednesday — May 20, 2026

Tokenization

Europe's 37-Lender Stablecoin Coalition Signals Dollar Infrastructure Divorce

A pan-European stablecoin coalition has crossed the network density threshold that makes interbank settlement self-reinforcing, and the ECB is not leading it.

Thursday — May 14, 2026

Tokenization

French Central Banker Beau Breaks With Lagarde on Private Tokenized Euro

Read essay

A senior Banque de France official publicly backed private-sector euro tokenization on May 12, directly contradicting the ECB President's position and opening a credible path for institutional tokenized instruments in Europe.