Germany’s Bundesbank Chief Backs Euro Stablecoins as Europe Pursues Payment Sovereignty

TLDR: Bundesbank President Nagel endorsed euro stablecoins as low-cost tools for cross-border payments across Europe. The digital euro will become the first pan-European retail payment solution built on solely European infrastructure. A wholesale CBDC is in development to enable programmable central bank money payments for financial institutions. Nagel warned Europe can no longer rely on [...]

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