ECB board member Piero Cipollone outlined a three-layer threat that banks face from digital payments, warning that stablecoins may drain bank deposits. He pitched the digital euro as the only structural answer to this challenge.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.