BIS General Manager Says Tokenized Deposits Beat Stablecoins for Digital Payments

Tokenized deposits are more likely than stablecoins to perform the role of money, Bank for International Settlements General Manager Pablo Hernández de Cos said Friday (Aug.

28). In a speech delivered at the Jackson Hole Economic Symposium, hosted by the Federal Reserve Bank of Kansas City, de Cos said that while both technologies use tokenization, […] The post BIS General Manager Says Tokenized Deposits Beat Stablecoins for Digital Payments appeared first on PYMNTS.com.