ECB exec cautions bank disintermediation, liquidity strain due to stablecoins

2nd June, 2026

Aravind Bulusu

European Central Bank’s (ECB) Isabel Schnabel said central banks must carefully assess the implications of the rapid growth of stablecoins, which operate outside the traditional banking system, as they could disintermediate banks.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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