Happy New Year everyone! I spent part of the holiday break reading up on stablecoins and tokenized deposits, mostly because I kept seeing the terms used interchangeably and was a bit confused. They’re often treated as the same thing, but they’re not and I wanted to make sure I understand all of the differences that matter for banks, and especially community banks. At a basic level: -Tokenized deposits are regular bank deposits, just represented on new rails (meaning newer pay

I’ve always been intrigued by crypto and the blockchain. But mostly from a distance as I'm pretty risk averse on the personal investing side and it hasn't really crept into, or impacted, my day job working with community banks and credit unions on model risk. Until now. 🪙 Stablecoins are starting to go mainstream and they’ve officially got my attention. If you’re not familiar, stablecoins are a type of digital currency designed to stay pegged to a stable asset - usually the