Deutsche Bank is studying stablecoins and token deposits as part of its growing digital asset strategy, joining other large banks exploring blockchain infrastructure for payments and regulations.
The bank plans to deliver its own stablecoin or join a wider industry initiative, Bloomberg reported, citing Sabih Behzad, the manager of digital assets and Deutsche Bank currencies.
It also weighs the development of a tokenized deposit system aimed at making payments more effective, according to the report.
In the United States, large banks are currently weighing the launch of a spouse stable in order to repel competition from the cryptocurrency space. These would include heavy goods vehicles like JPMorgan Chase (JPM), Bank of America (Bac), Citigroup (C) and Wells Fargo (WFC).
The regulatory clarity in the European Union and the legislation awaiting Stablecoin in the United States have contributed to accelerating the adoption of stables. Behzad said banks have options that range from action as reserve managers to launch their own digital tokens.
Deutsche Bank said in a research report that stablecoins are about to adopt it dominant as cryptographic legislation is progressing in the Donald Trump administration.
The largest lender in Germany has invested in the Particiary cross -border payments and joined Project Agorá, a central initiative supported by the bank, focused on wholesale payments of tokenized.
