
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%. Banks may be able to slow the growth of stablecoins like USDT and USDC by paying savers more, according to a working paper published by the Bank for International Settlements (BIS). Researchers Rashad Ahmed and Iñaki Aldasoro studied weekly data from January 2019 to.






