Custodia Bank CEO Caitlin Long stated that stablecoins and tokenized deposits could replace the Automated Clearing House system by 2030. She made these comments during a discussion with TheStreet Roundtable host Scott Melker.
Long emphasized that tokenized dollars will become important payment instruments. She differentiated between tokenized bank deposits and stablecoins, noting that current activity concentrates in stablecoins. The executive believes Citi’s $3-4 trillion stablecoin forecast for 2030 remains too conservative.
The transformation will integrate blockchain technology directly into banking infrastructure rather than adding it as an external layer. Long predicted the ACH system could become obsolete within five years as tokenization expands to securities.
Most users won’t recognize their transactions are processing on blockchain networks. Engineers are working to hide the technical complexity while enabling instant settlement between banks.
Source: https://roundtable.io
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