Swedish central bank chief: stablecoins won't replace bank money, but will sharpen payments competition
- —Thedéen: stablecoins enable fast, cheap cross-border payments but are unlikely to replace bank money
- —BIS: tokenized deposits preserve the foundations of the financial system while capturing tokenization benefits
- —HSBC and Standard Chartered completed the first interbank tokenized deposit transaction via the SWIFT ledger on Aug. 19
- —ECB: roughly 30% of supervised banks plan deposit tokenization
Why it matters: Regulators signal stablecoins and tokenized deposits will coexist rather than displace money — a key read for issuers and banks.
Source: TokenPost