Quicknode(@Quicknode):JPMorgan, Citi, and HSBC are putting bank deposits onchain. Stablecoins already have ~$300B in circulation. Both move digital dollars, but one is a bank deposit, and the other is a claim on an issuer. That changes the economics and risk. The breakdown:

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Quicknode@Quicknode

2026.10.23 15:40

JPMorgan, Citi, and HSBC are putting bank deposits onchain. Stablecoins already have ~$300B in circulation. Both move digital dollars, but one is a bank deposit, and the other is a claim on an issuer. That changes the economics and risk. The breakdown: