TechFlow news, October 19 — According to WalterBloomberg, European Central Bank President Piero Cipollone stated that Europe must establish its own digital asset market to safeguard financial stability. He supports using the digital euro for daily payments and warned that stablecoins could undermine banks and monetary policy if deposits shift toward foreign tokens. While stablecoins can facilitate cross-border payments, he noted that Europe already offers fast and secure central bank fund transfers.
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