Bank of Italy economist sends out warning on Ethereum's role in financial system

A collapse in the price of ether (ETH) would damage the Ethereum ecosystem's ability to function as a settlement infrastructure for financial activity, a Bank of Italy economist found. That would hurt the payment, settlement and tokenized finance systems such as stablecoins and onchain lending services that rely on the blockchain for ordering transactions and confirming asset ownership, Claudia Biancotti wrote in a new research paper. Biancotti examined how an extreme fall in ETH could affect Ethereum’s ...