ECB Raises Deposit Facility Rate to 2.5%, In Line With Expectations

The move itself was priced, so the signal lies in the ECB's willingness to keep tightening into a slowing euro-area economy. For crypto and tokenized-asset markets, a higher deposit rate raises the appeal of euro cash and euro-denominated yield, which tends to sharpen the competition for stablecoin and RWA yield products. The open question is whether this marks a pause point or the start of a longer sequence, since that shapes euro liquidity conditions more than the headline print.