State Street Explores Launching Its Own Stablecoin and Deposit Token

State Street, the Boston-based financial services giant, is reportedly exploring blockchain-based payment solutions. The company, which recently reported higher-than-expected revenue and interest income, is considering creating its own stablecoin and deposit token. A stablecoin is a type of cryptocurrency pegged to stable assets like the US dollar, while the proposed deposit token would represent customer

Source: CoinOtag