Banks have more power over stablecoins than we think.

A recent report from the Bank for International Settlements reveals something curious.

Stablecoin growth slows when U.S. banks raise their deposit rates.

The study points out that $USDC is the currency most sensitive to this movement.

Basically, money flows to wherever it’s most profitable to keep it.

Does it surprise you that traditional banks have this direct impact on the crypto market?

#stablecoins #USDC