Express
Bitwise Investment Manager: Banks Should Raise Deposit Rates to Compete with Stablecoins
Summary: According to Cointelegraph, Bitwise investment manager Matthew Hougan has called on banks to raise deposit rates to compete with stablecoins, criticizing banks for long considering depositors as a source of free capital. Currently, stablecoins offer yields as high as 5%, far exceeding the average U.S. savings rate of 0.6%.
According to Cointelegraph, Bitwise investment manager Matthew Hougan has called on banks to raise deposit rates to compete with stablecoins, criticizing banks for long considering depositors as a source of free capital. Currently, stablecoins offer yields as high as 5%, far exceeding the average U.S. savings rate of 0.6%.
Last Update:
Tags:
Link: Bitwise Investment Manager: Banks Should Raise Deposit Rates to Compete with Stablecoins [Copy]
Tags:
Link: Bitwise Investment Manager: Banks Should Raise Deposit Rates to Compete with Stablecoins [Copy]
