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FintechPYMNTS · 31d ago

BIS General Manager Says Tokenized Deposits Beat Stablecoins for Digital Payments

The Bank for International Settlements General Manager stated that tokenized deposits are more likely than stablecoins to function as money for digital payments. Both technologies use tokenization, but de Cos presented this position during a speech at the Federal Reserve Bank of Kansas City's Jackson Hole Economic Symposium on August 28.

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