BIS Bulletin 125 shows CEX pay stablecoin holders using reserve returns or market income, with reserve-based yields tracking policy rates…

Rickler Feed (@rickler_feed), Jun 19, 2026, 15:11 UTC

BIS Bulletin 125 shows CEX pay stablecoin holders using reserve returns or market income, with reserve-based yields tracking policy rates while activity-based yields are volatile, potentially shaping future macro-financial implications as stablecoins become bank deposit substitutes or funding for exchanges' risky activities. - bis.org 🏷️ CEX, Markets, Stablecoins 🕵️ @PeterMM

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