Nelli Zaltsman, a representative from JPMorgan Chase & Co., shared her insights on the differences between stablecoins and deposit tokens during her presentation at SmartCon. Zaltsman highlighted the distinct roles each plays in the financial ecosystem, emphasizing the stability and regulatory aspects of deposit tokens compared to the more volatile nature of stablecoins. She pointed out that deposit tokens, being backed by bank deposits, offer a more secure and regulated alternative for digital transactions. In contrast, stablecoins, while popular in the crypto market, often face scrutiny over their backing and regulatory compliance. Zaltsman's analysis underscores the ongoing debate in the financial industry regarding the future of digital currencies and their integration into traditional banking systems.