Stablecoin yields are highlighting how far traditional bank deposit rates lag behind real short-term government benchmarks, turning “holding dollars” into a competitive product category outside the deposit system. Using FDIC national rates (Dec. 15, 2025) versus a Treasury reference yield of about 3.89%, the gap is stark: savings around 0.39%, interest checking around 0.07%, and money market deposit accounts around 0.58%, implying a spread of roughly 3.3%–3.8%.

Solana (SOL) price action is gaining traction as bullish sentiment from both retail and “smart money” aligns around a potential breakout, with SOL trading near the $140 area and targeting the key $145 resistance level. At the same time, on-chain data signals a slowdown in network participation, with new weekly wallets falling sharply compared with prior highs—creating a gap between strong market mood and softer underlying usage.

BNY Mellon has launched a tokenized deposits pilot that mirrors institutional clients’ demand-deposit balances on-chain, positioning the bank in the growing race for on-chain cash and blockchain-based settlement. The service creates digital book entries on BNY’s Digital Assets platform so clients can move funds using blockchain infrastructure while keeping money inside the regulated banking system—aimed at faster, 24/7 settlement and programmable transactions.