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BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec

CoinDesk•Tuesday, December 2, 2025 at 3:01:27 PM
NeutralCryptocurrency
BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec
  • BNP Paribas has joined a European Union initiative focused on developing a stablecoin, led by a former executive from Coinbase Germany. This venture aims to create a digital currency that aligns with EU regulations and addresses the growing demand for stablecoins in the financial sector.
  • This collaboration is significant for BNP Paribas as it positions the bank at the forefront of the evolving cryptocurrency landscape, allowing it to leverage its expertise in traditional banking while exploring innovative digital solutions.
  • The move reflects broader concerns within the EU regarding the influence of US dollar stablecoins on monetary policy, prompting European institutions to proactively develop their own stablecoin solutions to maintain financial stability and regulatory control.
— via World Pulse Now AI Editorial System
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