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.
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.
![I'm Only Buying THESE 5 Altcoins Right Now! [IGNORE The Rest]](https://img.youtube.com/vi/QrnwRDmIb7c/maxresdefault.jpg){kind=small}
