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Cryptocurrency Cointelegraph

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

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.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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

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.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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