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Home ABA Banking Journal Podcast

Podcast: The real difference between stablecoins and tokenized deposits

September 24, 2025
Reading Time: 1 min read
Basel tweaks proposed cryptoasset treatment, adopts certain ABA recommendations

In the wake of the summer’s Genius Act, many banks and nonbanks have announced new stablecoin initiatives. Another digital asset — tokenized deposits — may meet needs similar to stablecoins, but the two asset types have significantly different features based on their underlying designs. On this episode of the ABA Banking Journal Podcast, ABA experts Brooke Ybarra and Yikai Wang discuss:

  • The key differences between stablecoins and tokenized deposits.
  • Risks that widespread payment stablecoin adoption poses to community bank lending.
  • Use cases for payment stablecoins (and areas where hype might exceed value).
  • How U.S. banks are approaching stablecoin and tokenized deposit pilots.

 

  • Click here to download the episode if you can’t see the player above.
  • Read Wang and Ybarra’s article “Decoding digital money“

In this episode

Brooke Ybarra
SVP
ABA Office of Innovation
Yikai Wang
VP, Banking and Economic Research
ABA Office of the Chief Economist

Tags: ABA Banking Journal PodcastDigital assetsGenius ActSmall business lendingStablecoin
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