🚨BANKS RACE TO TOKENIZE DEPOSITS AS STABLECOIN THREAT GROWS Major banks like Citi, BNY Mellon, and Standard Chartered are reportedly exploring "tokenized deposits", putting regular bank money on blockchain, to compete with stablecoins. Unlike stablecoins, tokens stay inside the banking system, helping banks stay competitive by protecting deposits and yield from stablecoin issuers.(Coin Bureau)