# 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.

- Published: 2026-07-18T05:32:08.869Z
- Canonical: https://polylog.news/crypto/2026-07-18/ecb-s-cipollone-warns-stablecoins-could-drain-bank-deposits
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [crypto.news](https://crypto.news/piero-cipollone-rattles-coinbase-and-circle-stablecoin/), [Polylog editors](https://polylog.news)

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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