Bank of Italy Governor: Stablecoins Can Only Play a Complementary Role in the Monetary System

By: theblockbeats.news|2026/01/22 00:00:54
0
Share
copy

BlockBeats News, January 21st. According to Cointelegraph, Fabio Panetta, the Governor of the Bank of Italy, stated that commercial bank money and central bank money will continue to play a key role in the monetary system, while stablecoins can only serve a complementary role. He pointed out that the stability of stablecoins ultimately depends on their peg to fiat currency, which limits their ability to operate independently within the financial system. Panetta believes that payments have become a core strategic competition area for banks; against the backdrop of the global economic center shifting towards technological power and a more fragmented geopolitical environment, digital finance is putting pressure on banks.

The Bank of Italy maintains a cautious stance on stablecoins. The Deputy Governor of the bank had previously warned that stablecoins issued in multiple jurisdictions, known as "multi-collateral stablecoins," could bring legal, operational, and financial stability risks to the European Union. Therefore, there is a need to confine them to regions with equivalent regulatory standards and impose strict reserve requirements.

-- Price

--

You may also like

Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns

From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...

Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy

AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.

Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis

With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.

Zuckerberg is building an AI agent to help him as CEO

Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.

Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?

For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.

Zuckerberg is building an AI assistant to help him be CEO

Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.

Popular coins

Latest Crypto News

Read more