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

Fed’s dovish move will slash $625M in interest income for stablecoins https://ift.tt/mzLHeq4

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.