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Policy

Higher Bank Savings Rates Slow Stablecoin Growth, BIS Paper Finds

When US banks pay more on savings, stablecoins grow more slowly, according to a new working paper published by the Bank for International Settlements. The paper, “Are Stablecoins and Bank Dep

AnonymousCryptoCompass newsroom
October 18, 2026
1 min read
NEWS
Higher Bank Savings Rates Slow Stablecoin Growth, BIS Paper Finds
CryptoCompass editorial visual for policy coverage.

When US banks pay more on savings, stablecoins grow more slowly, according to a new working paper published by the Bank for International Settlements.

The paper, “Are Stablecoins and Bank Deposits Substitutes?”, was written by Iñaki Aldasoro of the BIS and Rashad Ahmed of the Andersen Institute for Finance and Economics. It was published on 13 October as BIS Working Paper No. 1382.

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