Stablecoin demand may soon fade, BoE's Greene says

TL;DR

DUBROVNIK, Croatia, May 31 (Reuters) - The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of traditional bank deposits, Bank of England policymaker Megan Greene said on Sunday, even as some colleagues took a different view. Stablecoins, which are crypto assets designed to maintain a stable value, have grown in popularity in recent years and a further rise is still expected by some after issuance levelled off in recent months. "I think tokenised deposits are probably going to take over from stablecoins and five years from now, I suspect we might wonder why we were talking about stablecoins," Greene told a conference in Dubrovnik, Croatia.