Stablecoin & Digital assets

“Stablecoins and digital assets are not just new products. They are infrastructures. They address real gaps: a new form of programmable money that is always on, global and reliable”

Said Fabrizio Burlando, Chief Executive Officer and General Manager of BANCOMAT, during the international webinar on digital assets organised by Finextra.

"However, stablecoins have not yet fully unleashed their enormous potential due to the lack of shared schemes and a solid institutional design. Payment schemes solved this issue decades ago, not by imposing a single system, but by agreeing on roles, responsibilities, standards, exception handling and dispute resolution rules."

“This is the experience that players such as BANCOMAT have developed and that should also be leveraged in building a European path for stablecoins. Institutions that wait for stablecoin volumes to become evident will find that standards, rules and economic balances have already been defined by others. Given our experience, we aim to be at the table now, while the table itself is being designed. Institutions should not try to build everything on their own. The goal of a European, system-wide stablecoin can be achieved by cooperating with institutional partners and involving banks from the outset, as we have already seen in the payments industry.”