ECB sees stablecoins driving a new era for digital payments and banking

AI Summary Piero Cipollone, member of the executive board of directors of the European Central Bank (ECB), warned on Friday that the increasing popularity of stablecoins threatens Europe’s banking system because retail deposits will be detached from commercial banks. Speaking at a gathering of Italy’s cooperative banks in Rome on July 17, he said the trend adds... fulltext: 367 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/ecb-sees-stablecoins-driving-a-new-era-for-digital-payments-and-banking/ Source: CryptoPolitan