BIS 研究论文· Rashad Ahmed·· 18d agoSelected
Higher Bank Deposit Rates Slow Stablecoin Growth, Especially USDC
Original source: BIS 研究论文Read original
AI brief
A study of weekly U.S. data from 2019 to 2025 shows that increases in bank deposit rates are followed by slower growth in the market capitalisation of reserve‑backed stablecoins. The effect is stronger for USDC than for USDT and persists across different deposit products and DeFi‑supplied stablecoins. The findings suggest that bank pricing can influence the stablecoin sector and may affect banks’ funding conditions and monetary‑policy transmission.
Why it matters
The results highlight how bank deposit rates can shape stablecoin demand, offering insights into the interaction between traditional banking and digital‑asset liquidity that matters for AI, crypto, and financial‑market observers.
Source: BIS 研究论文 · bis.org