Morgan Lewis

Morgan Lewis is a law firm, and its partner, Hubert de Vauplane, has recently been quoted in news articles discussing the role of stablecoins in European sovereignty. The articles focus on a debate surrounding the Euro numérique (digital Euro) versus stablecoins, specifically addressing the potential for stablecoins to serve as tools of sovereignty and the Euro numérique's ability to maintain sovereignty against the USA. De Vauplane argues that the dominance of dollar-denominated stablecoins (99.5% of holdings) raises sovereignty concerns for Europe. He suggests that Europe should develop Euro-denominated stablecoins to reduce dependence on non-European issuers. This highlights Morgan Lewis's involvement in discussions surrounding digital currency and its implications for European economic independence and regulatory policy.