A small increase in bank deposit rates can reduce stablecoin market growth by about 3% over ten weeks, with USD Coin (USDC) more affected than Tether (USDT). This slowdown occurs because higher bank yields make traditional deposits more attractive compared to stablecoins. However, Visa's expansion of USDC payment services, including cross-border payouts in over 180 countries, is driving real-world use and increasing transaction volumes, which could support stablecoin demand despite rising rates. The stablecoin market still holds over $300 billion, and growing payment adoption may offset some pressure from higher bank interest rates.
The story on USDC and Visa's payment expansion offers context for cryptocurrency market trends. For readers following crypto assets, here is Pluang's market snapshot as of Oct 19, 2026 05:21 WIB: out of 50 major cryptocurrencies, 12 rose and 37 fell today. Notable movers include SAND at Rp1.037 with a -3.85% change, AXS at Rp17.683 down -3.30%, and BAT at Rp3.124 down -3.11%.
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