Deep Tide TechFlow News, January 21, According to Cointelegraph, Fabio Panetta, the Governor of the Bank of Italy, delivered a speech at the Executive Committee of the Italian Banking Association on Wednesday, emphasizing that stablecoins can only play a supplementary role within the monetary system, and their stability fundamentally depends on their peg to fiat currency. Panetta pointed out that future monetary systems will be supported by both digital commercial bank money and central bank money, rather than being dominated by privately issued cryptocurrencies. He also warned that, against the backdrop of increasing geopolitical polarization, the payments sector has become a strategic core of bank competition, and technological forces are reshaping the global economic landscape.