Morning Edition · Saturday, July 18, 2026Published at 1:32 AM EDT · New York
ECB's Cipollone Warns Stablecoins Could Drain Bank Deposits, Pitches the Digital Euro
The European Central Bank board member said growing stablecoin adoption risks pulling money out of commercial banks, as he positioned a public digital currency as the response.
Piero Cipollone, a member of the European Central Bank's executive board, warned that the growing use of stablecoins could pull deposits out of commercial banks and undermine their ability to lend, according to crypto.news. He presented the…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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