Bank of Italy Governor Fabio Panetta expected commercial-bank and central-bank money to remain central to the monetary system as both became more digital, according to Reuters’ January 21, 2026 report.
He was addressing the executive committee of the Italian Banking Association. The association’s event record confirms the date and provides its video link.
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Stablecoin growth and the role of banks
Reuters reported that Panetta anticipated further stablecoin development but said its eventual role was difficult to predict. He expected commercial-bank money to become increasingly tokenized.
These comments describe a policymaker’s expectations. They do not announce a requirement for every bank to issue tokens or set a binding timetable for doing so.
Different claims on different issuers
A bank deposit, a central-bank liability and a privately issued stablecoin have different issuers and contractual arrangements. Putting them on digital infrastructure does not automatically make their protection or redemption rights identical.
Readers comparing instruments should examine who owes them money and on what terms. Our stablecoin guide explains pegs, reserves and redemption.
Editor’s note: The remarks are clearly attributed to Reuters and linked to the host association’s event record. Forecasts are distinguished from enacted requirements.