⚔️ [Analysis] Interest rates are the next battleground in the stablecoin wars - Hasu

Hasu believes stablecoin issuers like Tether ($USDT) and Circle's USDC will soon feel the pressure from bank interest payouts on savings accounts. Currently, major stablecoins hold $2.67 billion which accumulates $67.5 million at an 2.5% interest rate. The good days may be over though, as traditional banks have started issuing interest to customers which will place pressure on stablecoin issuers to follow suit. Which stablecoin will blink first and start a price war?