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Bank of Italy Governor: The "anchor" of digital currencies remains with banks, and stablecoins are only supplementary
GateNews
Odaily Planet Daily reports that the Governor of the Bank of Italy, Fabio Panetta, stated that in the future, commercial bank currencies are expected to achieve full digitalization alongside central bank currencies and continue 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. Digital commercial bank currencies and central bank currencies will jointly support the operation of the monetary system. (Cointelegraph)
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