Bank of England policymaker Megan Greene anticipated a decline in the popularity of stablecoins, according to a report published on Monday.
BoE Executive Downplays Stablecoins
Something went wrong.
Greene expected tokenized deposits to “probably take over” from stablecoins over the next five years, Reuters reported her comments from a conference in Croatia on Sunday.
She further argued that although there is a market for central bank digital currencies, stablecoins, and digital deposits, digital deposits may emerge as the ultimate winner once commercial banks recognize their potential to retain traditional bank deposits.
