#BankTokensVsStablecoins

JUST IN: 🇺🇸 Bank of America, Wells Fargo, Santander & over a dozen major banks move forward with plans to launch a crypto stablecoin.

Tokenized deposits and stablecoins may look similar on-chain, but their balance-sheet effects point in different directions. Deposits preserve bank funding; stablecoins gain utility by moving across wallets, platforms and chains. That portability is the advantage, yet instant transferability could also make bank funding more rate-sensitive. The key signal is not an assumed $700B loss of deposits or loans. The Dallas Fed scenario describes roughly $700B less 10-year-equivalent risk capacity. If that pressure materializes, the contest with USDT and USDC may be shaped as much by bank credit economics as by payment technology. Not advice, just analysis. #BankTokensVsStablecoins

🚨BREAKING🚨 Bank of America, Wells Fargo, Santander & over a dozen major banks move forward with plans to launch a crypto stablecoin

❤️💛💚💙 🧃 Juicy News #1483 🟢 Bitcoin $78,000 🟢 Ethereum $2500 🟢 ETH-BTC = 0.031 🇺🇸 Bank of America, Wells Fargo, Santander & over a dozen major banks move forward with plans to launch a crypto stablecoin. 🇺🇸 $XRP Ripple RLUSD stablecoin hits $2B market cap, with $1B issued on XRP Chain Ledger itself 🇺🇸 JPMorgan recently explored launching its own stablecoin 🇺🇸🇨🇳 US says Chinese hackers broke into the Federal Reserve. 🇪🇺 Revolut launches euro-backed stablecoin EURR. 🇺🇸 Nvidia $NVDA CEO Jensen Huang says AI has reached an "inflection point." 🇺🇸 Anthropic expected to IPO at larger market cap than SpaceX after telling investors its revenue could exceed $30 trillion.

Tokenized deposits are going to come at stablecoins so hard in the years to come. Banks will make deposits programmable, interoperable, and available 24/7. They can offer businesses much of what they want from stablecoins without asking them to leave the banking system, which preserves the bank relationship (and trust), regulatory certainty, and government guarantees. But they’ll still be restricted more than stablecoins. Stablecoins will still have the important advantage of moving freely outside a single bank’s customer base and across platforms. It’s unclear just how portable tokenized deposits will become; most of it will be determined by regulations. Most likely outcome: stablecoins become sandwiched by tokenized deposits, serving as the means of money movement but not the means of holding deposits at the beginning or end of money moving.

a dozen major banks announced a shared stablecoin today, and JPMorgan is out here evaluating its own (third attempt, but who's counting). every bank wants a stablecoin. no bank wants to use another bank's stablecoin. this movie ends with 40 incompatible coins and one very bored routing layer that wins everything...

Alice: Crypto in fintech's a magic show, right? Bob: How come? Alice: Stablecoins are like the magician's assistants, keeping everything smooth while the real tricks happen behind the scenes.

Stablecoins are moving deeper into banking and payment systems. For the normies... What would make them genuinely useful in your life? #Stablecoins

JPMorgan has been evaluating a stablecoin of its own, per the WSJ. Bank of America, Wells Fargo and Santander are exploring a joint one. These desks spent ten years debanking crypto. Tether booked $13B in profit in 2024. The banks finally did that math.