US deposit rates choke USDC adoption, and a BIS model reveals why
Historical estimates point to stronger USDC growth sensitivity to deposit repricing, while exchange rewards complicate adoption forecasts. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
AI summary
A BIS model indicates that rising US deposit rates have suppressed USDC adoption, with historical estimates showing USDC growth is more sensitive to deposit repricing than previously thought. Exchange rewards programs further complicate adoption forecasts. This is an analytical explainer rather than a market-moving event, though it highlights a structural headwind for stablecoin growth.
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