[Bitwise Investment Chief: Banks Should Raise Deposit Rates to Counter Stablecoin Competition] According to a report by Cointelegraph via Jinse Finance, Bitwise Investment Chief Matthew Hougan has called on banks to raise deposit rates to counter the competition from stablecoins, criticizing banks for long treating depositors as a free source of capital. Currently, stablecoins offer yields as high as 5%, far exceeding the U.S. average savings rate of 0.6%.