🏦 Head of digital assets at a major American bank said that banks are entering crypto through the most straightforward use case — stablecoins for cheap 24/7 payments worldwide.

Derivatives and on-chain trading are currently of little interest to them, but they already perceive tokenization as a threat.

The banks' main fear is simple — if clients start massively holding money in stablecoins, a portion of deposits will flow out of the traditional system.

@DeCenterOrg