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Stories that evolved over the week.
4 threads
Jun 4 - Jun 5across 2 daysImpact
Banks challenge stablecoins with tokenized deposits
Major US banks repeatedly advanced plans for a shared tokenized deposit network, framing bank-issued digital money as a counterweight to stablecoins in payments and settlement.
Stablecoins enter mainstream financial infrastructure
Stablecoin activity widened across remittances, card settlement, consumer banking, cross-border treasury, and new markets, while UK policymakers debated how tightly to regulate it.