“Tokenized deposits is another blockchain-based type of funds and banks like that, because they can lend against it.” – 01:31
Tom Warsop, President & CEO at ACI Worldwide, joins Remy Blaire the rapidly evolving global payments industry, focusing on the significant role of stablecoins in shaping the future of digital payments.
Remy begins by asking Tom to elaborate on the adoption of stablecoins and their various use cases. Tom explains that stablecoins have several impactful applications, particularly in cross-border transactions. He highlights how stablecoins simplify the movement of money, especially when dealing with thinly traded or risky currencies. By reducing risks related to liquidity and exchange rates, stablecoins make international money transfers more efficient.
The conversation shifts to tokenized deposits, another blockchain-based financial instrument. Tom notes that banks are increasingly interested in tokenized deposits because they can be used for lending, unlike stablecoins. He emphasizes the growing trend of real-time payments around the world, which is transforming how consumers and businesses conduct transactions, making them faster, more efficient, and less costly.