The Governor of the Bank of Italy stated that the foundation of digital money is banks, not stablecoins.
Fabio Panetta of the Bank of Italy argued that stablecoins can only play a complementary role in the financial system and that their stability depends on being pegged to fiat currency.
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The Governor of the Bank of Italy stated that the foundation of digital money is banks, not stablecoins.
Fabio Panetta of the Bank of Italy argued that stablecoins can only play a complementary role in the financial system and that their stability depends on being pegged to fiat currency.