Stablecoin Growth Cooled as Deposit Rates Rose, With USDC Most Exposed, Working Paper Says

5 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$USDC

$72.41B mcap

$USDT

$183.56B mcap

Using six years of weekly U.S. data, two economists found stablecoins grew more slowly after banks raised deposit rates, while cautioning that their evidence covers a single high-rate period.