‘17 U.S. Banks Use On-Chain Deposits to Bypass Stablecoins—Relying on a Trick from 50 Years Ago’ (Author: Simon Taylor, Translated by Deep Tide) Banks worldwide are adopting on-chain tokenized deposit clearing, leveraging netting to achieve efficient capital utilization. While stablecoins are fast, they require 100% pre-funded capital and face challenges like price volatility and cross-system swaps. Systems like CHIPS/CLS/RTP demonstrate efficient net clearing and capital savings, with banks still relying on existing clearing frameworks. The article argues that stablecoins and tokenized deposits will coexist, driving 24/7 netted payment settlements and shaping the future of monetary circulation. Read the full article: https://www.(wublock123.com)/articles/article-59445