[Bank of England's Greene: Demand for Stablecoins May Soon Fade] According to a report by Jinse Finance, on June 1, Megan Greene, a member of the Bank of England's Monetary Policy Committee (MPC), stated on Sunday that the hype around stablecoins might soon fade, to be replaced by tokenized deposits, which are digital versions of traditional bank deposits. However, some of her colleagues hold different views. "I think tokenized deposits are likely to replace stablecoins. Five years from now, we might wonder why we were even talking about stablecoins," Greene said at a conference in Dubrovnik, Croatia. She believes that central bank digital currencies (CBDCs), stablecoins, and digital deposits each have their own markets, but once commercial banks realize they risk losing traditional bank deposits if they don't act, digital deposits could emerge as the ultimate winner. In contrast, during the same discussion, Federal Reserve Governor Christopher Waller defended stablecoins, arguing that they represent a financial innovation that could reduce costs and should not be stifled by excessive regulation. "I've always viewed stablecoins as a payment tool; they are neither malicious nor dangerous," Waller said. "They simply bring competition to the payments space." (Sina Finance)