Bitwise Investment Director: Banks should raise deposit rates to respond to stablecoin competition

Sep 10, 2025 14:15:45

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ChainCatcher news, according to Cointelegraph, Bitwise's investment chief Matthew Hougan urged banks to raise deposit rates to respond to stablecoin competition, criticizing banks for long treating depositors as a source of free capital. Currently, stablecoins offer yields of up to 5%, far exceeding the U.S. average savings rate of 0.6%.

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