Episode Details

Wells Fargo is launching tokenized deposits for select corporate clients later this year, letting them move U.S. dollar to British pound funds 24/7 via its own blockchain—keeping it bank money with full FDIC protection. Starting limited, the system will expand globally and to more currencies by 2027, with future features like smart contract-triggered payments. This bold move positions Wells Fargo alongside JPMorgan and Citi as traditional banks race to compete with stablecoins and meet evolving client demands.

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