GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
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DRILL · STABLECOINS AND TOKENIZED DEPOSITS

The words behind Stablecoins and tokenized deposits

Read the plain-language definition, then name the term it describes.

A digital token designed to hold a stable value, usually by referencing a fiat currency and holding backing reserves.

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THE DRILL AS TEXT

  1. A digital token designed to hold a stable value, usually by referencing a fiat currency and holding backing reserves.
    • Stablecoin
  2. A stablecoin that claims to hold reserves in a national currency and safe assets, so each token can be redeemed for one unit of that currency.
    • Fiat-backed stablecoin
  3. A commercial bank deposit represented as a transferable token on a programmable platform, remaining a claim on the issuing bank rather than a new kind of money.
    • Tokenized deposit
  4. Settling an obligation by moving a tokenised settlement asset on a programmable platform, so the payment leg can be linked to a matching asset transfer.
    • Tokenized settlement
  5. Settlement where two linked transfers either both complete or both fail together, removing the risk that one side pays and the other does not.
    • Atomic settlement
  6. A proposed shared platform holding tokenised money and assets together, so linked transfers can settle in one place instead of across separate systems.
    • Unified ledger

This drill is built from Stablecoins and tokenized deposits — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.