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)$96,773.00-0.58%
Ethereum(ETH)$3,345.70-3.37%
Tether(USDT)$1.00-0.26%
XRP(XRP)$2.23-2.05%
BNB(BNB)$662.48-3.27%
Solana(SOL)$181.49-6.98%
Dogecoin(DOGE)$0.316768-2.27%
USDC(USDC)$1.00-0.29%
Lido Staked Ether(STETH)$3,341.53-3.30%
Cardano(ADA)$0.89-5.27%