Bundesbank Pushes Euro-Pegged Stablecoins to Counter Dollarization
Bundesbank President Joachim Nagel advocates euro-denominated stablecoins and wholesale CBDCs to support the euro’s global role and mitigate risks from USD-pegged counterparts.
Bundesbank President Joachim Nagel advocates euro-denominated stablecoins and wholesale CBDCs to support the euro’s global role and mitigate risks from USD-pegged counterparts.
European lawmakers endorsed the European Central Bank’s digital euro project, framing it as a strategic tool to strengthen monetary sovereignty and reduce reliance on foreign payment providers.
An ECB executive said the digital euro is becoming a strategic necessity as geopolitical tensions expose Europe’s reliance on non-European payment systems.
The European Central Bank plans to enable blockchain-based settlement in central bank money in 2026, as EU lawmakers continue debating privacy rules for the digital euro.