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Summary from the TLDR Crypto newsletter

A debate is set to occur among financial institutions like the Bank of England, JPMorgan, and the Monetary Authority of Singapore on the topic of stablecoins vs tokenized bank deposits. Contrary to the commonly held view that stablecoins are riskier, this thread previewing the debate suggests that tokenized deposits may carry more risk due to their fractional reserve models. Further, it's argued that the future of stablecoins could likely incorporate aspects of tokenized deposits and Treasury Bills as the market strives to deliver perceived stability and increased yield.