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Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say

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#USDC

TLDR — A Bank for International Settlements working paper found that stablecoin growth slows when U.

Signal data▲ Bullishconfidence 50%Low materiality
AssetUSDCEventinstitutional-adoptionEvent timeAttention0 readers/hrNormalSmart readers0

A Bank for International Settlements working paper found that stablecoin growth slows when U.S. banks raise deposit rates, with Circle’s USDC most sensitive.

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