© Reuters.
JPMorgan Chase (NYSE:) and consultants Oliver Wyman discussed blockchain technology in commercial banking in a report published on February 9. Stablecoins and central bank digital currencies (CBDCs) have dominated the sphere so far, but the authors point to advantages that deposit currencies offer in terms of stability and reliability.
Deposit tokens are issued on a blockchain by a depository institution to represent a deposit claim. This is in contrast to stablecoins, commonly issued by a private non-bank entity, and CBDCs. This difference in emitter is a key advantage:
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