Banks could slow stablecoin growth by paying savers more, BIS paper finds

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This is the summary CoinDesk publishes in its feed. The full article lives on their site.
Markets in Southeast Asia, Latin America, Africa and the Middle East see increasing demand for stablecoins.
Circle CEO Jeremy Allaire told Reuters the USDC issuer plans to enter about 40 emerging and developing markets, citing rising demand in Southeast Asia, Latin America, Africa and the Middle East.
Borderless.xyz data shows major savings on cross-border business payments, with stablecoin transfers also settling faster than traditional international bank wires.
In a post answering unnamed new stablecoin issuers, Circle said it kept 7 cents of net profit per dollar of first-half 2026 revenue and spent 34 cents on licenses, banking and other...