{"id":6722,"date":"2026-02-17T12:40:39","date_gmt":"2026-02-17T12:40:39","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6722"},"modified":"2026-02-17T12:40:39","modified_gmt":"2026-02-17T12:40:39","slug":"bundesbank-chief-backs-digital-euro-and-stablecoins-to-boost-payment-independence","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6722","title":{"rendered":"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence"},"content":{"rendered":"

<\/p>\n

\n
\n
\n
    \n
  • Nagel supports both a retail digital euro and euro-denominated stablecoins as tools to strengthen Europe\u2019s payments autonomy.<\/span><\/li>\n
  • He argues wholesale CBDCs would enable programmable central bank money, while stablecoins could lower cross-border transaction costs.<\/span><\/li>\n
  • His remarks come amid US regulatory moves on dollar-backed stablecoins and renewed concerns about monetary sovereignty.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Deutsche Bundesbank President Joachim Nagel has endorsed the introduction of a euro-pegged central bank digital currency and euro-denominated stablecoins, arguing they could reinforce Europe\u2019s autonomy in payments.<\/p>\n

    In prepared remarks delivered at the New Year\u2019s Reception of the American Chamber of Commerce in Frankfurt, Nagel said European Union officials were \u201cworking hard\u201d on launching a retail CBDC. He added that euro-denominated stablecoins could help make Europe more independent in payment systems and solutions.<\/p>\n

    Nagel stated that a wholesale CBDC would enable financial institutions to conduct programmable payments using central bank money. He also said he sees merit in euro-denominated stablecoins because they can facilitate low-cost cross-border transactions for individuals and businesses.<\/p>\n

    Speaking as a member of the European Central Bank Governing Council, Nagel described euro stablecoins as a useful complement to efforts to create a digital euro. He said such instruments support cheap international transfers and align with broader work on a digital version of the common currency.<\/p>\n

    Related: Brazil and Hong Kong Link CBDC Networks in Cross-Border Blockchain Pilot Using Chainlink<\/strong><\/p>\n

    US Stablecoin Framework Raises Competitive Stakes<\/h2>\n

    His comments come after US President Donald Trump signed legislation establishing a regulatory framework for payment stablecoins in the United States, potentially positioning dollar-backed tokens to compete with any future euro-pegged equivalent. The law is due to be fully implemented 18 months after signing or 120 days after related regulations are finalised.<\/p>\n

    Nagel has previously cautioned that if US dollar-denominated stablecoins were to achieve significantly greater market share than a euro-pegged coin, European monetary sovereignty could be weakened. He also warned that replacing a domestic currency with stablecoins would amount to a form of dollarisation, though he characterised that risk as small.<\/p>\n

    Related: Dutch Lawmakers Approve 36% Tax on Unrealised Crypto and Investment Gains<\/strong><\/p>\n<\/p><\/div>\n

    Banks,Europe,Stablecoins#Bundesbank #Chief #Backs #Digital #Euro #Stablecoins #Boost #Payment #Independence1771332039<\/p>\n","protected":false},"excerpt":{"rendered":"

    Nagel supports both a retail digital euro and euro-denominated stablecoins as tools to strengthen Europe\u2019s payments autonomy. He argues wholesale CBDCs would enable programmable central bank money, while stablecoins could lower cross-border transaction costs. His remarks come amid US regulatory moves on dollar-backed stablecoins and renewed concerns about monetary sovereignty. Deutsche Bundesbank President Joachim Nagel<\/p>\n","protected":false},"author":1,"featured_media":6723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[181,1598,2570,2571,214,215,2274,2015,282],"class_list":{"0":"post-6722","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-backs","9":"tag-boost","10":"tag-bundesbank","11":"tag-chief","12":"tag-digital","13":"tag-euro","14":"tag-independence","15":"tag-payment","16":"tag-stablecoins"},"yoast_head":"\nBundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6722\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence\" \/>\n<meta property=\"og:description\" content=\"Nagel supports both a retail digital euro and euro-denominated stablecoins as tools to strengthen Europe\u2019s payments autonomy. He argues wholesale CBDCs would enable programmable central bank money, while stablecoins could lower cross-border transaction costs. His remarks come amid US regulatory moves on dollar-backed stablecoins and renewed concerns about monetary sovereignty. Deutsche Bundesbank President Joachim Nagel\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6722\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T12:40:39+00:00\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6722\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6722\",\"name\":\"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6722#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6722#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bundesbank-euro.jpeg\",\"datePublished\":\"2026-02-17T12:40:39+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6722#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=6722\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6722#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bundesbank-euro.jpeg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bundesbank-euro.jpeg\",\"width\":1920,\"height\":1281},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6722#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence - Crypto News: Latest Cryptocurrency News and Analysis","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=6722","og_locale":"en_US","og_type":"article","og_title":"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence","og_description":"Nagel supports both a retail digital euro and euro-denominated stablecoins as tools to strengthen Europe\u2019s payments autonomy. He argues wholesale CBDCs would enable programmable central bank money, while stablecoins could lower cross-border transaction costs. His remarks come amid US regulatory moves on dollar-backed stablecoins and renewed concerns about monetary sovereignty. Deutsche Bundesbank President Joachim Nagel","og_url":"https:\/\/cryptonews.uk.com\/?p=6722","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-02-17T12:40:39+00:00","author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=6722","url":"https:\/\/cryptonews.uk.com\/?p=6722","name":"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=6722#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=6722#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bundesbank-euro.jpeg","datePublished":"2026-02-17T12:40:39+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=6722#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=6722"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=6722#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bundesbank-euro.jpeg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bundesbank-euro.jpeg","width":1920,"height":1281},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=6722#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/6722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6722"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/6722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/6723"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}