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ECB Warns Stablecoins May Drain Bank Deposits—Here's What That Means - Decrypt
ECB board member Piero Cipollone laid out the three-layer threat banks face from stablecoins. And pitched a digital euro as the answer.
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cryptobriefing.com
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.
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cointelegraph.com
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.
