🏦 The rise of yield-bearing stablecoins, which offer higher returns than traditional savings accounts, is driving this shift. For instance, platforms like YouHodler and others offer up to 8% interest, dwarfing the 0.40% average for traditional savings accounts .#PerpDEXRace
Key Factors :-
The GENIUS Act and MiCA frameworks provide a clearer regulatory environment, encouraging institutional adoption.
Yield-bearing stablecoins attract investors seeking better yields than traditional banking products.#MarketRebound
Stablecoins enable instant, 24/7 transactions and programmable payments .
Impact on Traditional Banking:-
Up to $6 trillion in deposits could migrate to stablecoins, reducing banks' lending capacity. @CZ
Banks must innovate to compete with stablecoin offerings, potentially raising deposit rates or finding alternative funding sources .#WriteToEarnUpgrade
