ECB President Advocates for European Digital Asset Market

According to BlockBeats, European Central Bank President Pierro Cipollone emphasized the need for Europe to develop its own digital asset market to ensure financial stability. He expressed support for the use of a digital euro in everyday transactions and cautioned that a shift of deposits to foreign tokens could undermine banks and monetary policy. While acknowledging that stablecoins can enhance cross-border payments, Cipollone highlighted that Europe already offers fast and secure central bank fund transfer services.