The End of the Term Deposit? How Onchain Liquidity Is Rewriting Savings Behavior, Explained Bitget Wallet CMO
On-chain yield products are challenging traditional term deposits by offering accessible, real-time earning without liquidity lock-up penalties.Summary
Jamie Elkaleh, CMO of Bitget Wallet, explains that the shift in global savings architecture is driven by liquidity, not just interest rates, as on-chain instruments remove the trade-off between earning yield and accessing funds inherent in traditional term deposits. Bitget Wallet's earn products, allowing users to stake stablecoins like USDT and USDC into yield pools with real-time growth tracking and instant withdrawal, saw $200 million in quarterly subscriptions, a 10x increase since early 2025. This trend is evident in macro data, with stablecoin supply surpassing $300 billion, and is most acute in emerging markets like Turkey and Argentina, where users leverage stablecoins to combat high inflation and currency devaluation. While regulations like the US GENIUS Act and EU's MiCA framework will influence offerings, self-custodial wallets are increasingly functioning as programmable dollar accounts that offer yield, payments, and on-demand capital return, signaling a structural migration away from conventional banking products.
(Source：BeInCrypto)