“5.7 trillion dollars of demand deposits in the US dollar banking system right now.” @caitlinlong , Founder & CEO of Custodia Bank , put that number on the table at ETHDenver 2026 — and suggested much of it could be tokenized within five years. Her framing was blunt: tokenized deposits and stablecoins are “the same smart contract.” The distinction is the obligor and custody structure, not the code. Blockchain-based “atomic settlement” contrasts with batch ACH rails. She also noted Custodia was “debanked five times… in 18 months,” underscoring structural banking friction. The structural takeaway: ✅ Payment rails may converge on public blockchains ✅ Deposit liabilities could migrate onchain ✅ Settlement speed becomes a competitive factor ✅ Banking access risk shapes crypto-native infrastructure If tokenized deposits scale, Ethereum isn’t just hosting assets — it’s hosting bank liabilities. Follow me - @thejohnnycrypto for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #Stablecoins #tokenization #nostr #grownostr #asknostr #btc