Bitwise investment chief: Banks should raise deposit rates to counter stablecoin competition
2025-09-10 06:17:34
According to Cointelegraph, Matthew Hougan, head of investment at Bitwise, has called on banks to raise deposit rates in response to stablecoin competition, criticizing banks for treating depositors as a source of free capital for a long time. Stablecoins currently offer yields of up to 5%, well above the average 0.6% deposit rate in the United States.
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