JPMorgan Chase and Oliver Wyman, which is a corporation that specializes in consulting, worked together to do research on the potential applications of blockchain technology in commercial banking. The subsequent steps were for the two businesses to publish their findings in a report on February 9th, which was then made available to the entire public. On the other hand, the writers make it a point to underline the advantages given by deposit coins in terms of their dependability and stability. They say this as a point of differentiation between deposit coins and other cryptocurrencies. The authors highlight the benefits that may be obtained by using deposit coins, despite the fact that stablecoins and central bank digital currencies (CBDCs) have been the market leaders up until this point in time. Despite the fact that deposit coins could be utilized instead, this is still the case.
A depository institution will issue deposit tokens…
