CryptoCoinDeskabout 2 hours ago
BIS Paper Links Higher Rates to Slower Stablecoin Growth
3 min read
A Bank for International Settlements working paper finds that a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%. Researchers Rashad Ahmed and Iñaki Aldasoro studied weekly data from January 2019 to June 2025. The effect was stronger for Circle's USDC than Tether's USDT.
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