According to TechFlow, on August 2, The Information reported that the Fed’s interest rate hike is good for stablecoin issuer Circle, but a rate cut may have a negative impact. As the threat of a rate cut intensifies, Circle is looking for business expansion opportunities.
Currently, Circle's revenue mainly relies on interest income from tens of billions of dollars in cash, U.S. Treasury bonds and other assets that support the USDC stablecoin. Circle CEO Jeremy Allaire said that charging developers and other companies for blockchain wallet services and encryption infrastructure could become a new and important source of revenue.
