Attention, crypto enthusiasts! đ
The Federal Reserve has decided to cut interest rates for the first time since March 2020, significantly impacting the revenues of the top five centralized stablecoins, which hold nearly $125 billion in US Treasury bonds.
đč The cuts could reduce $1.5625 billion in interest income.
đč USDT leads with $93.2 billion in T-bills.
đč USDC follows with $28.7 billion.
Do you think this will affect the stablecoin market? Let us know your thoughts in the comments!
