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BIS Says Stablecoins Challenge Bank Deposits
The Bank for International Settlements finds crypto stablecoins directly compete with traditional bank deposits.
Key points
- Bank for International Settlements finds crypto stablecoins directly compete with traditional bank deposits.
- @WatcherGuru called it "JUST IN".
- No further tweets on the event were posted.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
Top replies on X
Reaction on X: Replies were largely mocking and skeptical, arguing the finding was obvious: one top reply said being able to move your own money on a Sunday is apparently a competitive advantage, while others noted banks have paid savers next to nothing for years and took 3 business days for transfers while stablecoins do it in seconds. No response from the original poster.
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From @AlexMoan88, @JYoda, @KT_Futures and others. Spam removed, with English and Chinese translations.
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