6.7 Banking 达拉斯联储警告，代币化存款或削弱银行管理长期利率风险的能力，资金来源变得不稳定，或推高借款成本。
达拉斯联邦储备银行经济学家最新研究警告，代币化存款可能显著影响美国银行管理长期利率风险和信贷能力。如果代币化存款让储户对利率的敏感度提升10%，银行持有长期利率风险的能力或减少约7000亿美元。同样，存款平均期限缩短10%也会使银行的期限转换能力减少约5800亿美元。 代币化存款是指在区块链上表示的商业银行存款，具备即时结算、可编程支付和全天候流动性等特性。这些功能让储户和AI代理能迅速转移资金以追求更高收益，从而降低存款粘性，使银行资金来源变得不稳定。 因此，银行可能需提高存款利率、增加流动性缓冲或发行更多批发债务，这将推高消费者和企业的借款成本。主要银行和支付网络已在开发代币化存款系统，但达拉斯联储警告，这些创新可能减少家庭和企业可获得的信贷，并改变存款在支持长期贷款中的传统作用。
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