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.
Bitcoin(BTC)$90,366.00-0.53%
Ethereum(ETH)$3,091.00-1.97%
Tether(USDT)$1.00-0.05%
Solana(SOL)$232.838.35%
BNB(BNB)$621.56-0.83%
XRP(XRP)$1.08-5.20%
Dogecoin(DOGE)$0.368723-0.51%
USDC(USDC)$1.000.02%
Lido Staked Ether(STETH)$3,090.33-1.96%
Cardano(ADA)$0.74-1.74%