Italy's central bank governor Fabio Panetta stated that with the advancement of digitalization, both commercial bank money and central bank money will exist in digital form in the future and will continue to serve as the anchoring foundation of the monetary system, while stablecoins can only play a supplementary role. He pointed out that the stability of stablecoins ultimately depends on their peg to fiat currency, making it difficult for them to independently perform monetary functions. (Cointelegraph)