U.S. regional banks building tokenized deposit network on ZKsync to rival stablecoins

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U.S. regional banks are developing a tokenized deposit network on ZKsync, aiming to rival stablecoins with a 2026 rollout, which could impact the demand for traditional stablecoins and influence the broader crypto market. This move may reflect a shift in the banking sector's approach to digital assets. The network, called the Cari Network, involves several major banks, including Huntington Bancshares, First Horizon, and M&T Bank.

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The introduction of a tokenized deposit network by U.S. regional banks could potentially decrease the demand for stablecoins, such as USDT and USDC, and may lead to a decrease in their market capitalization. This development could also lead to increased adoption of blockchain technology in the traditional banking sector, potentially benefiting assets like ETH, which underlies the ZKsync platform.

المشاعر
Neutral
ثقة الذكاء الاصطناعي
70%
الأفق الزمني
متوسط الأجل

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The Cari Network is targeting a 2026 rollout as banks test issuance, transfers and redemption of digital deposits. Participating banks include Huntington Bancshares, First Horizon, M&T Bank, KeyCorp and Old National Bancorp.

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المقال الكامل على CoinDesk
قراءة المقال الكامل
المقال الأصلي منشور بواسطة CoinDesk في مارس 17, 2026.
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