Stablecoin Giants to Lose $625 Million in Revenue After Fed Slashed Interest Rates by 50 Basis Points

1 year ago 303

The Federal Reserve’s 50 basis points rate cut earlier this month is set to cost lading stablecoin issuers around $625 million per month, as the interest earned on the reserves backing these stablecoins dropped as a result. That’s according to CCData’s latest Stablecoins & CBDCs report, which details that the five largest centralized stablecoins – […]

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