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ECB’s Cipollone Says Stablecoin Adoption Could Erode Bank Deposits
ECB Executive Board member Piero Cipollone said wider stablecoin adoption could erode bank deposits and argued the digital euro would preserve banks’ role in payments.
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cryptobriefing.com
European Central Bank emphasizes digital euro's role in banking trust
ECB's Piero Cipollone positions the digital euro as essential for banking trust, with no interest, holding caps, and potential issuance targeted for 2029.
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European Central Bank warns stablecoin growth may erode bank deposits
ECB board member Piero Cipollone warns USD stablecoins threaten European bank deposits and monetary policy, pushing the digital euro as the solution.
