Bundesbank President Wants Euro-Pegged Stablecoins to Prevent Dollarization
Bundesbank President Joachim Nagel has called for the development of euro-pegged stablecoins to counter the increasing influence of the US dollar in global finance. He emphasized that stablecoins linked to the euro could enhance the currency's international appeal and promote financial stability. Nagel expressed concerns over the potential risks associated with dollarization, particularly for the eurozone's economy. He urged for a regulatory framework to support the issuance of euro-pegged stablecoins, ensuring they align with existing financial regulations.
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