Bundesbank President Wants Euro-Pegged Stablecoins to Prevent Dollarization

Bundesbank President Wants Euro-Pegged Stablecoins to Prevent Dollarization

Bundesbank President Wants Euro-Pegged Stablecoins to Prevent Dollarization Price data byDecryptNewsBusinessBundesbank President Wants Euro-Pegged Stablecoins to Prevent DollarizationECB Governing Council member Joachim Nagel argued a wholesale CBDC and euro-pegged stablecoins could boost the euro’s international role.By Simon ChandlerEdited by Stephen GravesFeb 19, 2026Feb 19, 20265 min readThe Bundesbank. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The ECB’s Joachim Nagel has said that euro-denominated stablecoins could provide fast and cheap remittances, while also countering any risk of dollarization from USD-pegged stablecoins. The ECB is aiming to introduce a digital euro by 2029, with work already underway on a wholesale central bank digital currency. Some comment

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