BoE's Greene Predicts Stablecoin Demand May Fade in Favor of Tokenized Deposits
Bank of England policymaker Megan Greene predicts that stablecoins could lose popularity to tokenised deposits, which are digital versions of traditional bank deposits. She argues banks will eventually adopt these as they seek to retain deposit fees and compete with crypto assets.
Topics: central bank digital currencies (CBDCs) financial regulation stablecoins tokenised deposits