Banks Can Slow Stablecoin Growth by Paying Depositors More, BIS Paper Finds

Source excerpt · PYMNTS

Banks campaigning to prevent stablecoins from draining their deposit base may already hold a simple but powerful competitive tool. A new working paper published by the Bank for International Settlements (BIS) finds that higher bank deposit rates predict slower stablecoin growth, suggesting traditional lenders can influence adoption through their own pricing decisions. The findings add […] The post…