Banks could slow stablecoin growth by paying savers more, BIS paper finds

A Bank for International Settlements working paper found that a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, reducing ten-week growth from 15% to 12%. The research suggests banks paying savers more could compete with stablecoins for deposits. This is academic analysis rather than a market-moving event, though it hints at how traditional banking rates could shape stablecoin demand over time.