BIS WP 1382: higher US bank deposit rates slow stablecoin growth
A new BIS working paper by Ahmed and Aldasoro finds a 1 bp rise in US bank deposit rates cuts 10-week stablecoin growth from 15% to 12% — hitting USDC harder than USDT.
A new BIS working paper by Ahmed and Aldasoro finds a 1 bp rise in US bank deposit rates cuts 10-week stablecoin growth from 15% to 12% — hitting USDC harder than USDT.