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

Cointelegraph.com NewsThe 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. 

​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.