Italian Central Bank Governor: The "Anchor" of Digital Currency Remains with Banks, Stablecoins Only Play a Supplementary Role

Odaily News Italian Central Bank Governor Fabio Panetta stated that in the future, commercial bank money is expected to achieve full digitization alongside central bank money, continuing to serve as the core anchoring force of the monetary system. Stablecoins will only play a supplementary role, with their stability ultimately relying on their peg to fiat currency, which limits their ability to function independently within the financial system. Digitized commercial bank money and central bank money will jointly support the operation of the monetary system. (Cointelegraph)