SHIFT · US
21 banks reframe stablecoin vs. tokenized deposit debate as regulatory clarity grows
Major banks clarified economic and regulatory differences between blockchain-based stablecoins and tokenized bank deposits, advancing industry standardization on on-chain settlement rails.
WHY IT MATTERS
Consensus on tokenized deposit taxonomy accelerates regulated on-chain settlement infrastructure. Banks now able to offer programmable cash without stablecoin regulatory risk.
Source: PYMNTS · 2026-09-01