Fed's dovish move will significantly reduce interest income for stablecoins, potentially impacting revenue.

From Cointelegraph
September 27, 2024 4:54:50 pm:

Stablecoins face significant losses in interest income with potential cuts in 2024. CCData projects a $625 million loss for every 50-basis point decrease. Annual revenue could drop by $1.5 billion if further cuts occur.

Read more at Cointelegraph: Fed’s dovish move will slash $625M in interest income for stablecoins