Bank of Italy chief says banks, not stablecoins, anchor digital money

The Bank of Italy's Fabio Panetta said stablecoins can only play a complementary role in the monetary system, arguing that their stability depends on fiat currency pegs.
Source: Bank of Italy chief says banks, not stablecoins, anchor digital money (https://cointelegraph.com/news/bank-of-italy-panetta-tokenized-commercial-bank-money?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)