Bank Deposit Rates Linked to Slower Stablecoin Growth
A study by the Bank for International Settlements finds higher bank deposit rates are connected to slower growth in stablecoins.
Higher bank deposit rates are linked to slower growth in stablecoins, according to a study published by the Bank for International Settlements (BIS) via the Digital Watch Observatory.
The research indicates a direct connection between traditional banking yields and the expansion trajectory of digital tokens pegged to fiat currencies.
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BIS Study Findings
The findings from the Bank for International Settlements highlight how macroeconomic factors, specifically traditional banking yields, influence capital allocation toward digital assets.
Key facts
- The study was published by the Digital Watch Observatory.
- The research was conducted by the Bank for International Settlements (BIS).
- Higher bank deposit rates were found to be linked to slower stablecoin growth.
Source: news.google.com
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