Deutsche Bank is looking at Stablecoins and Sitkenized deposits, part of its growing digital asset strategy, joining other major banks to explore blockchain infrastructure for payments and settlements.
The bank is considering whether to issue its own stablecoins or join a broader industry initiative, Bloomberg reported, Sabih Behzad, head of digital assets and currency transformation at Deutsche Bank, was quoted.
The report said it is also weighing the development of a tagged deposit system designed to improve payment efficiency.
Currently, major U.S. banks are weighing Launch joint stability To withstand competition in the cryptocurrency field. These reportedly include heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC).
EU regulatory clarity and stable legislation awaiting in the U.S. will help speed up adoption of Stablecoin. Banks have options ranging from being reserve managers to launching their own digital tokens, Behzad said.
Deutsche Bank said in a research report Stable people are on the verge of mainstream adoption With the development of crypto legislation under the Donald Trump administration.
Meanwhile, Germany’s largest lender invested in cross-border payments company Partior and joined Project Agorá, a central bank-backed program focused on wholesale token payments.
