According to Fed funds futures, the market is currently pricing 100 basis points of rate cuts this year, which means the benchmark borrowing cost will drop to 4.5% by the year-end. Still, that is an attractive yield compared to passively holding stablecoins, Deschatres quipped.
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Omkar Godbole
https://www.coindesk.com/markets/2024/09/18/stablecoins-may-cushion-fed-rate-cut-impact-on-treasury-tokens-standard-chartereds-regional-head-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-09-18 14:57:27
