Italian central bank governor: The "anchor" of digital currencies remains the banks; stablecoins only play a supplementary role.

Italian central bank governor Fabio Panetta stated that commercial bank money is expected to be fully digitized alongside central bank money in the future, continuing to be a core anchor force in the monetary system. Stablecoins, on the other hand, will only play a supplementary role, their stability ultimately depending on their peg to fiat currencies, limiting their ability to function independently in the financial system. Digitalized commercial bank money and central bank money will jointly support the operation of the monetary system. (Cointelegraph)