Bundesbank Pushes Euro CBDC as Stablecoin Market Set to Hit $500B by 2028

German central bank chief sees merit in euro stablecoins, but CBDC remains in focus

German central bank president Joachim Nagel said he sees “merit in euro-denominated stablecoins,” and argues that they could serve as a cheaper and more efficient means for cross-border payments by both firms and individuals. During his speech at the New…

Bundesbank pushes Euro CBDC as stablecoin market set to hit $500B by 2028

The Deutsche Bundesbank, the central bank of the Federal Republic of Germany, recently released a statement outlining its strong commitment to fostering substantial adoption of a digital euro in the country. In response to this announcement, analysts anticipated that the international stablecoin market would hit a record of around $500 billion by 2028. Nonetheless, officials at the European Central Bank (ECB) raised concerns about the dominance …

Germany's central bank president touts stablecoins, CBDCs for EU

The head of Germany’s central bank signaled a deliberate shift in Europe’s approach to digital money, endorsing euro-denominated instruments as a path to greater autonomy in payments. Joachim Nagel, president of the Deutsche Bundesbank, used remarks at the New Year’s Reception of the American Chamber of Commerce in Frankfurt to outline support for both a euro-denominated central bank digital currency (CBDC) and euro-stablecoins for everyday tran…