She talked about tokenized deposits and that's something I know JP Morgan to be planning to launch one called JPMD.

But besides this, regular stablecoins are still a significant piece to government surveillance being that at the end of the day, every USD-pegged stablecoin is an access-point to a central bank currency.

When most of these access points are centralized entities, then control of global finance by the government becomes easier to implement.

That said, she also made mention of the tokenization of real world assets also being an act of surveillance and that is something I never really thought about. What really is the risk of bringing every piece of real world item into having a digital ID?

Definitely something to look into!