zasad@ I wonder if there's some inner conflict between EU moguls causing France to be so forgiving towards binance.

The ECB head has direct intervention to prevent binance from owning and operating under a MiCA license but then France issues them a banking license? Is this an oversight or did this happen under the pretended than binance would deposit 500 million EUR to be held with the french central bank?

It sounds to me that the latter was too much of a good deal for french regulators to refuse. And this binance continues to attain nearly full EUR functionality. Once they also restore SEPA instant deposits they'll be operating exactly like a MiCA exchange while completely sidestepping EU regulations, with France's assistance no less. And in exchange the French central bank experts control in the biggest stablecoin on the Euro.

Not sure who would use that stablecoin thought.
EURC currently has very strong infrastructure: nearly free stablecoin and FIAT spot trades on Coinbase, bridges, AMMs, spend through various cards etc. It's hard to get a market share when coming so late in the game, but it's obvious why Binance would want to offer their own alternative. EURC grew to the hundreds of millions organically while all this infrastructure was being developed. The stablecoin industry can become very lucrative down the line. It's a ready to use solution even rivaling the CBDC proposals that were touted by some central banks a sa sovereign alternative to payment systems controlled by America like MasterCard and Visa.

But with binance so far hasn't been able to bribe central EU authorities. So in the end it seems like they'll keep playing this cat and mouse game to maintain EUR functionality, shopping around on who they can bribe around the fractured EU market.

I wouldn't trust to use HEUR though. Even the slightest breeze from Brussels could buy its issuing organisation into receivership which might end up in uncomfortable scenarios if you're holding a stablecoin for... Stability.