📰 Per CryptoSlate, while stablecoins might not significantly reduce the amount of dollars held in banks, they could still drive up the cost of borrowing.
Even if stablecoins don't pull deposits out of banks, they compete with banks for the role of holding dollar-like assets, which can reduce the pool of funds banks use for lending and force them to offer higher interest rates to attract deposits back.
⚠️ Worth watching how the market prices this in over the next sessions.
👀 #Crypto #News $BNB $XRP
Even if stablecoins don't pull deposits out of banks, they compete with banks for the role of holding dollar-like assets, which can reduce the pool of funds banks use for lending and force them to offer higher interest rates to attract deposits back.
⚠️ Worth watching how the market prices this in over the next sessions.
👀 #Crypto #News $BNB $XRP