The future of money: Why the West and China are betting on banks over Big Tech to lead the way
Sep 29 2026 10:23 UTC - mint
Attention is shifting from dollar clones like stablecoins to tokenized deposits, which are standard bank liabilities whose transfers can be executed with algorithms. Here's how programmable bank money could dominate global transactions.
➤ The future of money is shifting from stablecoins to tokenized bank deposits, leveraging existing banking infrastructure for programmable transactions.
➤ Both the West and China are prioritizing banks over Big Tech to lead the development of future global payment systems, with competing initiatives like BIS's Project Agorá and China's mBridge.
➤ While stablecoins are growing, tokenized deposits offer advantages like insurance and central bank liquidity, potentially dominating cross-border transactions due to fewer legal complications and lower laundering risks.
Read more at: https://rwatimes.io/articles/livemint-the-future-of-money-why-the-west-and-china-are-betting-on-banks-over-big-tech-to-lead-the-way-1664049677?utm_source=binance
Sep 29 2026 10:23 UTC - mint
Attention is shifting from dollar clones like stablecoins to tokenized deposits, which are standard bank liabilities whose transfers can be executed with algorithms. Here's how programmable bank money could dominate global transactions.
➤ The future of money is shifting from stablecoins to tokenized bank deposits, leveraging existing banking infrastructure for programmable transactions.
➤ Both the West and China are prioritizing banks over Big Tech to lead the development of future global payment systems, with competing initiatives like BIS's Project Agorá and China's mBridge.
➤ While stablecoins are growing, tokenized deposits offer advantages like insurance and central bank liquidity, potentially dominating cross-border transactions due to fewer legal complications and lower laundering risks.
Read more at: https://rwatimes.io/articles/livemint-the-future-of-money-why-the-west-and-china-are-betting-on-banks-over-big-tech-to-lead-the-way-1664049677?utm_source=binance