Wu Says He Learned that Piero Cipollone, a European Central Bank executive board member, said that if the usage scale of stablecoins continues to grow, commercial banks may lose retail deposits. Banks are also currently losing some fee income and transaction data due to mobile payment platforms, which could weaken their ability to assess customers and to lend. Cipollone said that the digital euro will be distributed by banks and integrated with existing accounts, using non-interest-bearing design and a holding limit to prevent large-scale deposit transfers.