Banks could slow stablecoin growth by paying savers more, BIS paper finds

A BIS working paper suggests banks could slow the growth of stablecoins by offering higher deposit rates. A 1 basis point increase in U.S. bank deposit rates is predicted to reduce stablecoin growth from 15% to 12% over ten weeks.

Sources

• CoinDesk — Banks could slow stablecoin growth by paying savers more, BIS paper finds

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