Woofun AI reports that European Central Bank Executive Board member Piero Cipollone warned that widespread stablecoin adoption could weaken commercial banks' retail deposit bases and reshape the traditional banking competitive landscape. Speaking in Rome, Cipollone noted that digital payments are increasing Europe's reliance on non-European infrastructure while reducing bank fee income and transaction data access. He emphasized that the digital euro is essential to preserving the role of public money and ensuring banks remain integral to the payment ecosystem. The ECB has selected 36 payment service providers, including banks and fintechs, for a 12-month digital euro pilot scheduled for the second half of 2027 to test retail CBDC feasibility.