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ECB’s Cipollone Says Stablecoin Adoption Could Erode Bank Deposits

Posted on July 17, 2026
By Cointelegraph
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1 min read

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ECB’s Cipollone Says Stablecoin Adoption Could Erode Bank Deposits

ECB Executive Board member Piero Cipollone said wider stablecoin adoption could erode bank deposits and argued the digital euro would preserve banks’ role in payments.