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Tokenized Deposits vs Stablecoins | Business and Finance News
Description
BIS chief Pablo Hernandez de Cos argues tokenized deposits—not stablecoins—are the future of big-ticket digital payments, warning stablecoins risk destabilizing banking, enabling illicit activity, and undermining global monetary sovereignty, while U.S. Treasury Secretary Scott Bessent sees them as a tool to strengthen the dollar and lower borrowing costs, sparking a pivotal debate over which digital finance innovation will lead the charge.
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