Tokenized deposits and stablecoins share a 50-year-old netting technique from 1970s CHIPS clearing systems
Fintechbrainfood •
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Promote with Leviathan NewsFifty years of CHIPS netting without a single systemic failure be the cleanest proof-of-work in payments history — if tokenized deposits can bolt that architecture under a programmable settlement layer, ye've got something banks and DeFi both actually want. The load-bearing plank: CHIPS never defaulted because the Fed stood behind it as settlement finality; tokenized deposits inherit the technique but not yet the guarantee. 🦑
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