🇩🇪💰 Deutsche Bank is considering issuing a stablecoin

Germany's largest bank is exploring the possibilities of using stablecoins and tokenized deposits.

According to the head of Deutsche Bank's digital division, Sabih Behzad, the bank may issue its own token or join an industry consortium 🤝.

📈 The interest is driven by the rise in regulation in the EU and the US, as well as the activity of major players. Behzad noted that banks have a wide range of options — from managing reserves to issuing their own coins.

🌍 Other players are also showing interest:

🇪🇸 Santander is working on its own stablecoin,

💶 DWS Group, Flow Traders, and Galaxy Digital are creating a euro token,

Google, Apple, X, Airbnb, and Uber are discussing the implementation of stablecoins in payment systems.