
#BankTokensVsStablecoins
About BankTokensVsStablecoins
Dallas Fed says tokenized deposits remain bank deposits, but instant transfers may weaken funding stability and raise rate sensitivity. In one scenario, banks' 10-year-equivalent risk capacity falls about $700B, not deposits or loans. WSJ says 10+ firms are discussing a joint stablecoin; JPMorgan reviewed it, but no product is being built. Tokenized deposits retain bank funding; stablecoins move more freely across wallets, platforms and chains. This may reshape credit and USDT/USDC competition.
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