LATEST: 🏦 ECB board member Piero Cipollone says growing stablecoin adoption could threaten commercial banks' retail deposits, calling for a digital euro to keep banks central to payments.
ECB board member warns that stablecoin adoption threatens bank deposits and advocates for a digital euro.
LATEST: 🏦 ECB board member Piero Cipollone says growing stablecoin adoption could threaten commercial banks' retail deposits, calling for a digital euro to keep banks central to payments. https://t.co/SR8xhQkCQS
LATEST: 🏦 ECB board member Piero Cipollone says growing stablecoin adoption could threaten commercial banks' retail deposits, calling for a digital euro to keep banks central to payments.
ECB Warns Stablecoins May Drain Bank Deposits—Here's What That Means
ECB Warns Stablecoins May Drain Bank Deposits—Here's What That Means https://t.co/eW2LFxd4cO
🇪🇺 JUST IN: ECB warns stablecoins are draining European bank deposits ECB Executive Board member Piero Cipollone says commercial banks are losing retail deposits and payment revenue to stablecoins and mobile payment providers. He says Europe is becoming "increasingly dependent on non-European pa