TradFi giant State Street looking to launch stablecoin, tokenized deposits

TradFi giant State Street Corp. is considering launching its own stablecoin and tokenized deposits in a bid to enhance its payment settlement capabilities using blockchain technology, Bloomberg News reported on July 17, citing sources familiar with the matter. Sources told the newswire that these initiatives aim to leverage the company’s investment in UK-based payment startup […] source: https://cryptoslate.com/tradfi-giant-state-street-looking-to-launch-stablecoin-tokenized-deposits/