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.

Stablecoin, Interest Rates, Treasury Bills, United States, Tether, USDC, USDTRead More

You might also be interested in reading Toncoin open interest surges 32% following Pavel Durov's arrest.