What are tokenised deposits and stablecoins? The future of digital payments explained -

In today's increasing digitised economy, the way we conduct payments has evolved faster than ever before. From tap-to-pay and QR code transactions to digital wallets and central bank digital currencies (CBDCs), digital payments are redefining the landscape of global finance. At the forefront of this transformation are tokenised deposits and stablecoins - two innovations poised to significantly influence how money moves, is stored and is regulated. But what are these technologies, how do they differ, and what are their implications for traditional banking and financial systems? Currently, payments can be executed in a variety of ways because regulated firms have an e-money licence and money moves electronically rather than through physical cash. This includes mobile payments, online transfers and contactless card payments - but typically these transfers rely on banks to ultimately make the payments using money (typically that they have been issued and backed by a bank’s balance sheet).…