RWAJune 3, 2026
What Stablecoin-Backed RWAs Mean for Banking
When a tokenized money market fund is indistinguishable from a checking account, the deposit franchise needs a new defense.
Trinity Desk·2 min read
Deposits at risk
The deposit base of mid-tier banks has always been priced on stickiness. Tokenized money market funds change the stickiness equation.
The portability problem
A token can move in seconds. A wire takes a day. The duration gap of a regional bank looks very different when the liability side is one click away.
#RWA#Banking#Stablecoins