Banks Could Slow Stablecoin Growth by Raising Rates for Savers, BIS Paper Finds
Key Highlights Bank of America CEO Brian Moynihan warned that as much as $6 trillion in traditional deposits could shift toward yield-generating stablecoins and related instruments. Research from the Federal Reserve and the Bank for International Settlements (BIS) indicates that while stablecoin reserves may flow back into banks, the shift alters funding stability and raises ...