Tokenized assets and digital money like stablecoins could transform how money moves, but not overnight. In this episode of Credit Currents, we discuss regulatory developments, bank adoption, benefits of blockchain technology and the risks to financial stability. We also explore what these innovations mean for credit markets and why progress is likely to be steady rather than rapid. Host: Greg Sobel, Vice President, Senior Credit Officer, Moody’s Ratings Guest: Donald Robertson, Managing Director, Financial Institutions, Moody’s Ratings Financial Institutions – US: Tokenization will change US transaction flows; less likely to remove intermediaries,11 May 2026 https://www.moodys.com/research/Financial-Institutions-US-Tokenization-will-change-US-transaction-flows-less-Sector-In-Depth--PBC_1477155 Financial Institutions – US: US financial markets envision an inevitable shift to tokenized assets and digital money,12 May 2026 https://www.moodys.com/research/Financial-Institutions-US-US-financial-markets-envision-an-inevitable-shift-Sector-In-Depth--PBC_1477157 Digital Economy – Global: Growing stablecoin use highlights policy, liquidity and price vulnerabilities,13 May 2026 https://www.moodys.com/research/Digital-Economy-Global-Growing-stablecoin-use-highlights-policy-liquidity-and-Sector-In-Depth--PBC_1464483 © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.

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