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stablecoincompetition

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Banks must raise deposit interest rates to compete with stablecoins — CIO Bitwise.On September 10, 2025, Bitwise Chief Investment Officer (CIO) Jeff Park stated that traditional banks urgently need to raise deposit interest rates to compete with stablecoins, which offer higher yields. In an article for Forbes, Park emphasized that stablecoins, such as $USDE from Ethena (33% APY) and Tether (up to 10% through partnerships), attract investors due to decentralized platforms and stability tied to the dollar.

Banks must raise deposit interest rates to compete with stablecoins — CIO Bitwise.

On September 10, 2025, Bitwise Chief Investment Officer (CIO) Jeff Park stated that traditional banks urgently need to raise deposit interest rates to compete with stablecoins, which offer higher yields. In an article for Forbes, Park emphasized that stablecoins, such as $USDE from Ethena (33% APY) and Tether (up to 10% through partnerships), attract investors due to decentralized platforms and stability tied to the dollar.
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