A Bank for International Settlements (BIS) working paper studied how bank deposit rates impact the supply growth of dollar-pegged stablecoins, finding that USDC shows a notably stronger response to changes in deposit rates compared to other stablecoins. This suggests that USDC holders, often institutional and U.S.-based, may shift holdings in reaction to traditional banking yields, affecting stablecoin demand. The findings highlight the importance of including deposit rates in stablecoin market models and could influence how analysts and regulators view stablecoin dynamics. However, as a working paper, these conclusions are preliminary and subject to revision upon peer review and further research.
As of Oct 17, 2026 19:41 WIB, USDC trades at Rp17.921 on Pluang with a minimal 1-day change of +0.01%, showing stability despite the BIS paper's findings on deposit rate sensitivity. USDC's market cap stands at Rp1.311,57 trillion, with a high 24-hour volume of Rp214,61 trillion, indicating active trading compared to its circulating supply of 72.7 billion USDC. The platform data also shows a strong sell bias at 90% sell orders, contrasting with only 10% buy orders, while typical hold time is 67 days, reflecting cautious but steady investor behavior.
Circle minted about 750 million USDC on the Solana blockchain within 24 hours, indicating a significant increase in dollar-pegged liquidity on the network. This move highlights Solana's growing role in hosting large USDC flows, which could support pr...
Visa has introduced commercial USDC stablecoin prefunding for cross-border payments through Visa Direct, starting October 15, 2026, with Inyo Global as the first partner. This service allows eligible businesses to fund international payouts near real...
The Sui blockchain network has seen significant growth with U.S.-listed Sui ETFs accumulating around 14 million SUI tokens in five weeks. Key developments include the launch of Circle's Cross-Chain Transfer Protocol V2 on Sui, enabling native USDC tr...
USDT holds the largest domestic trading share at 21.10% among 58 tracked tokens, highlighting its dominance in Korea's crypto market. STX exhibits the most significant domestic-to-global trading gap, with its domestic share 42.1 times higher than its...
