Fed’s dovish move to slash $625M in interest income for stablecoins

CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion. source: https://cointelegraph.com/news/fed-dovish-move-slash-625-m-in-interest-income-stablecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound