ITALIAN CENTRAL BANK SLAMS STABLECOINS!

COMMERCIAL BANK MONEY IS KING. STABLECOINS ARE JUST A COMPLEMENT. THE GOVERNOR OF THE BANK OF ITALY WARNS THEIR STABILITY RELIES ON FIAT PEGS. THEY CANNOT OPERATE INDEPENDENTLY. DIGITAL FINANCE IS PRESSURING BANKS. THE BANK OF ITALY IS EXTREMELY CAUTIOUS. MULTI-COLLATERAL STABLECOINS BRING MAJOR RISKS. CONFINE THEM TO REGULATED ZONES. STRICT RESERVES ARE MANDATORY. THIS IS HUGE FOR $USDC AND $USDT.DISCLAIMER: NOT FINANCIAL ADVICE.

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