ECB’s Cipollone Warns Stablecoins May Hit Deposits
ECB Executive Board member Piero Cipollone said July 17 that rising stablecoin use could make commercial banks lose retail deposits as payments shift further toward digital platforms. In a speech on the digital euro, he framed the risk as part of a wider payments transition, making stablecoin adoption a direct pressure point for bank funding. ... Read more
ECB Executive Board member Piero Cipollone said July 17 that rising stablecoin use could make commercial banks lose retail deposits as payments shift further toward digital platforms. In a speech on the digital euro, he framed the risk as part of a wider payments transition, making stablecoin adoption a direct pressure point for bank funding. ... Read more