🚨 US deposit rates are choking USDC adoption, per BIS model analysis. Higher yields on traditional deposits reduce demand for stablecoins like USDC, even as exchange rewards add complexity to adoption forecasts. This sensitivity suggests USDC growth may lag when fiat yields rise.
Market implication: Watch for USDCUSDT pressure during Fed tightening cycles.
Can stablecoins compete with rising bank yields?
#DeFi

$USDC #TradingSignal #CryptoAnalysis