BlockBeats News, August 27th - The Federal Reserve Bank of Dallas released a report stating that if tokenized deposits were to be widely adopted, it could increase deposit interest rate sensitivity, accelerate interbank fund flows, weaken banks' liquidity and maturity transformation capabilities, thereby impacting bank credit supply and funding costs.

The report points out that unlike stablecoins such as USDT and USDC, tokenized deposits are usually issued by regulated banks and can earn interest. Blockchain's instant settlement, smart contracts, and technologies such as AI may make it easier for customers to quickly transfer funds to pursue higher yields, thus weakening the "stickiness" of traditional bank deposits.

The Dallas Fed estimates that if deposit rate sensitivity were to increase by 10%, banks' ability to bear interest rate risk could decrease by around $700 billion (on a 10-year equivalent basis); if the weighted average maturity of deposits were to shorten by 10%, the banking system's maturity transformation capacity could decrease by around $580 billion.

The report suggests that if banks still wish to maintain their current loan size, they may need to rely more on wholesale funding such as term debt, ultimately making the financing model for bank loans more similar to non-bank financial institutions and potentially raising the cost of credit for consumers and businesses.

Currently, several global banks have begun testing tokenized deposits and real-time settlement systems, and the potential impact of tokenized deposits on the traditional banking system is attracting increasing attention from regulatory agencies.