Deutsche Bank Considers Stablecoin Issuance Amid Crypto Legislation Progress

According to Foresight News, Deutsche Bank is evaluating the possibility of issuing its own stablecoin or participating in a broader industry collaboration. Sabih Behzad, head of digital assets and currency transformation at the bank, indicated that they are also assessing the development of a tokenized deposit system to enhance payment efficiency. Behzad mentioned that the bank could either act as a reserve manager or issue its own digital tokens. Previously, Deutsche Bank highlighted in a research report that stablecoins are advancing towards mainstream adoption as cryptocurrency legislation progresses under the leadership of U.S. President Donald Trump.