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)$65,829.001.61%
Ethereum(ETH)$2,703.363.10%
Tether(USDT)$1.000.10%
BNB(BNB)$609.572.75%
Solana(SOL)$158.022.01%
USDC(USDC)$1.000.07%
XRP(XRP)$0.59-0.01%
Lido Staked Ether(STETH)$2,702.713.16%
Dogecoin(DOGE)$0.1243246.20%
Toncoin(TON)$6.014.33%