Home » Stablecoin growth will erode bank deposits, says ECB’s Cipollone

Stablecoin growth will erode bank deposits, says ECB’s Cipollone

Stablecoin growth will erode bank deposits, says ECB’s Cipollone

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ECB’s Piero Cipollone said stablecoin adoption could erode bank deposits, arguing the digital euro would keep banks at the center of payments.