Bank for International Settlements
@BIS_org
Promoting global monetary & financial stability since 1930
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Are stablecoins and bank deposits substitutes? New research finds that higher US bank deposit rates are associated with slower stablecoin growth. Findings suggest that deposit pricing could influence stablecoin adoption and banks’ future funding conditions
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As fragmentation in permissionless blockchains persists, policy should prioritise cyber resilience, regulatory perimeters and interoperable standards to support market functioning.
#BISBulletin# #Tokenomics# #Fragmentation#
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