PANews reported on September 19 that according to CoinDesk, Alexandre Deschâtres, head of business development at Libeara, the blockchain division of Standard Chartered Bank, said that the $170 billion supply of stablecoins may alleviate the impact of the Fed's interest rate cuts on Treasury tokens. With the Fed expected to start a rate cut cycle on Wednesday, rate cuts may suppress demand for Treasury tokens traded on the blockchain. However, stablecoins can provide liquidity support for money markets and Treasury tokens. Currently, the market expects the Fed to cut interest rates by 100 basis points this year, but even so, a 4.5% interest rate is still attractive compared to holding stablecoins.