CCData: For every 50 basis points reduction in interest rates by the Federal Reserve, stablecoin issuers will lose $625 million in interest income annually

BlockBeats News: On September 30th, according to a new report from CCData, the stablecoin industry will have to bear significant losses in interest income after the Federal Reserve's latest interest rate cut. The top five centralized stablecoin issuers hold nearly $125 billion in US Treasury bonds, accounting for nearly 80.2% of their reserve funds. Every 50 basis points rate cut by the Federal Reserve will result in an annual interest income loss of $625 million for stablecoin issuers. Data shows that Tether holds nearly $93.2 billion in US Treasury bonds and repurchase agreements, which contributed the majority to its net profit of $5.2 billion in the first half of 2024. The second largest stablecoin, USDC, holds $28.7 billion worth of US Treasury bonds through its Circle Reserve Fund, while FDUSD, PYUSD, and TUSD hold $1.83 billion, $634 million, and $502 million worth of US Treasury bond assets, respectively.