Security
USDC in Focus as ECB Warns $300B Stablecoin Market Could Drain Bank Deposits
COINOTAG·July 17, 2026·1 min read
A senior European Central Bank official warned on July 17 that European banks face a mounting threat from privately issued stablecoins, which could drain bank deposits. The $300 billion stablecoin market poses risks to the traditional banking system, according to the ECB official speaking in Rome.
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