Peter Bofinger

Peter Bofinger is a German economist and former advisor to the German government known for his critical views on the European Central Bank's plans for a digital Euro and private Euro-stablecoins. He argues that stablecoins are natural monopolies benefiting from network effects and believes that the ECB's push for a digital Euro lacks a compelling rationale, suggesting that existing stablecoins provide safer options for liquidity management compared to traditional bank deposits.