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About PYRO

Launched on 01/05/2020, PYRO is an ERC-20 token designed with a hyper deflationary life model and staking functionalities. The core concept revolves around the in-built burning function of PYRO tokens upon any transaction that transfers PYRO from one Ethereum address to another while proportionally rewarding those who have staked their tokens.

PYRO Network (PYRO) is a cryptocurrency launched in 2020. PYRO has a current supply of 787.12M with 781.70M in circulation. The last known price of PYRO is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://pyro.network.

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PYRO Price Statistics
PYRO’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9342
PYRO Market Cap
Market Cap
$0
Fully Diluted Market Cap
$30,639.17
PYRO Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
PYRO Supply
Circulating Supply
781.70M
Total Supply
787.12M
Max Supply
0
Updated Dec 09, 2024 6:07 pm
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PYRO
PYRO Network
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
ECB Warns of Stablecoin Impact on Bank Deposits and Monetary Policy
ECB Warns of Stablecoin Impact on Bank Deposits and Monetary Policy
The European Central Bank (ECB) has raised concerns about the increasing use of stablecoins and its potential impact on traditional banking systems. According to Cointelegraph, a new ECB working paper released Tuesday highlights that the growing adoption of stablecoins, which are digital assets often pegged to currencies like the US dollar or euro, could draw funds away from traditional bank deposits. This shift may weaken the transmission of monetary policy through lending channels. The ECB's analysis indicates a measurable decline in retail bank deposits and a reduction in lending to firms as interest in stablecoins rises. The report suggests that stablecoins could reduce the amount of credit banks provide to the real economy. The effects of stablecoin adoption are described as nonlinear, varying based on the scale of adoption, design features, and regulatory frameworks. This report is part of the ECB's ongoing efforts to monitor stablecoins, whose market capitalization has surged over the past three years to $312 billion and is projected to reach $2 trillion by 2028. In examining the impact on banks, the ECB identified a deposit-substitution effect, where households and firms shift funds from retail bank deposits to digital assets. The study notes that banks heavily rely on deposits as a stable and low-cost funding source to support lending to households and businesses. A decline in deposits could force banks to depend more on wholesale or market-based funding, which is typically more expensive and less stable. The report also highlights that stablecoins can alter how policy interest rates affect bank funding costs and lending, with impacts varying by adoption scale, design, and regulation. The ECB warns that stablecoin adoption could interfere with multiple monetary policy transmission channels, potentially weakening the predictability of policy actions. Additionally, the central bank cautions that foreign-currency stablecoins could further weaken the connection between domestic monetary policy and bank lending, with risks amplified when the market is dominated by non-euro-denominated tokens. The study reiterates that US dollar-backed stablecoins constitute the vast majority of the stablecoin market. Data from CoinGecko shows these dollar-pegged tokens are valued at $301 billion, representing 97% of the total stablecoin market capitalization at the time of publication.
Mar 03, 2026 7:43 pm

Frequently Asked Questions

  • What is the all-time high price of PYRO Network (PYRO)?

    The all-time high of PYRO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of PYRO Network (PYRO) is 0. The current price of PYRO is down 0% from its all-time high.

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  • How much PYRO Network (PYRO) is there in circulation?

    As of , there is currently 781.70M PYRO in circulation. PYRO has a maximum supply of 0.

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  • What is the market cap of PYRO Network (PYRO)?

    The current market cap of PYRO is 0. It is calculated by multiplying the current supply of PYRO by its real-time market price of 0.

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  • What is the all-time low price of PYRO Network (PYRO)?

    The all-time low of PYRO was 0 , from which the coin is now up 0%. The all-time low price of PYRO Network (PYRO) is 0. The current price of PYRO is up 0% from its all-time low.

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  • Is PYRO Network (PYRO) a good investment?

    PYRO Network (PYRO) has a market capitalization of $0 and is ranked #9342 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze PYRO Network (PYRO) price trends and patterns to find the best time to purchase PYRO.

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