Stablecoin growth will erode bank deposits, says ECB’s Cipollone
Covered by 3 sources · 3 articles
3 outlets - including Coin-turk, Cryptobriefing and Cointelegraph - are covering this story. 🚨 ECB’s Cipollone warns that growing stablecoin use threatens banks’ retail deposits. 💡 A digital euro pilot will begin in the second half of 2027, involving 36 providers. 📈 The ECB may decide on digital euro issuance as early as 2029. ✨…
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ECB’s Cipollone warns stablecoins could drain banks’ retail deposits
🚨 ECB’s Cipollone warns that growing stablecoin use threatens banks’ retail deposits. 💡 A digital euro pilot will begin in the second half of 2027, involving 36 providers. 📈 The ECB may decide on digital euro issuance as early as 2029. ✨…
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. The post European Central Bank warns stablecoin growth may erode bank deposits appeared fi…
Stablecoin growth will erode bank deposits, says ECB’s Cipollone
ECB’s Piero Cipollone said stablecoin adoption could erode bank deposits, but the digital euro will keep banks at the center of payments.