<ul><li>The recent decision by the United States Federal Reserve to cut interest rates will have a significant impact on the revenue of the top five centralized stablecoins.</li><li>Stablecoins collectively hold nearly $125 billion in US Treasury bills, which account for 80.2% of their reserves.</li><li>Each 50-basis point cut in interest rates will result in stablecoins losing approximately $625 million in interest income.</li><li>Further rate cuts in 2024 could reduce annual revenue for stablecoins by up to $1.5 billion.</li></ul>

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

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