BIS economists find a 1bp deposit rate rise drops stablecoin growth to 12%

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

12%

stablecoin growth rate

$USDC

$72.51B mcap

$USDT

$183.54B mcap

A 1-basis-point rise in US bank deposit rates cuts 10-week stablecoin growth from about 15% to 12%, a BIS working paper finds. USDC reacts most.