BIS study links stablecoin growth to bank deposit rates
- —A 0.01 pp rise in deposit rates cuts stablecoin growth by nearly 3 pp over 10 days
- —BIS ties stablecoin dynamics directly to bank deposit rates
- —The study questions how insulated USDC and USDT are from banking
Why it matters: If stablecoin demand tracks bank deposit rates, issuers face tougher competition from traditional savings products.
Source: CCN — Crypto News