Banks could slow stablecoin growth by paying savers more, BIS paper finds
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%.
Key Takeaways
- Banks could slow stablecoin growth by paying savers more, BIS paper finds.
- A BIS working paper found a 1 basis point rise in U.S.
- bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%.
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%.
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Published originally on CoinDesk
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