According to a report by Coin Track Daily on June 8, Deutsche Bank is exploring innovative ways to integrate stablecoin technology into its business. Sabih Behzad, the bank's head of digital assets and currency transformation, revealed that Deutsche Bank is considering launching its own stablecoin or forming alliances with the broader financial industry to advance this technology. Behzad further explained that the bank is contemplating the creation of a tokenization deposit system aimed at simplifying payment processes and improving transaction efficiency. Deutsche Bank is also assessing whether to position itself as a reserve manager of digital assets or to issue its proprietary digital tokens. A recent research report by Deutsche Bank highlights the growing momentum of stablecoins and notes that they are moving towards mainstream acceptance.

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