Dallas Fed warns: Tokenized deposits could drain $700 billion from banks' lending capacity
The Federal Reserve Bank of Dallas released a report on Tuesday stating that while tokenized deposits can accelerate payments, they may lead to decreased funding stability for banks. The report estimates that for every 10% increase in deposit rate sensitivity, banks' capacity to bear interest rate risk will decrease by approximately $700 billion. This could erode banks' lending capacity and ultimately affect the cost of credit for consumers and businesses.
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