ECB OFFICIAL WARNS OF STABLECOIN RISKS Piero Cipollone of the European Central Bank said Europe must build its own digital asset market to protect financial stability. He backed a digital euro for daily payments and warned that stablecoins could weaken banks and monetary policy if deposits move to foreign tokens. While stablecoins can aid cross-border payments, he noted Europe already offers fast, secure transfers in central bank money.(*Walter Bloomberg)