ECB's Cipollone Says Stablecoin Adoption Could Weaken Bank Deposits
2026-07-17 12:21:21
European Central Bank Executive Board member Piero Cipollone said broader stablecoin adoption could reduce commercial banks’ retail deposit base. According to NS3.AI, he argued that a digital euro could help preserve banks’ role in the payments system. The ECB also selected 36 payment service providers for a 12-month digital euro pilot, which is due to begin in the second half of 2027.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
