Federal Reserve’s rate cuts could shake stablecoins’ stability

The Federal Reserve’s rate cuts could be great news for Bitcoin and stocks, but they are threats that could tamper with the stablecoin market’s relative stability. You see, stablecoins are heavily backed by U.S. Treasurys. Right now, they hold over $120 billion in Treasurys, making them the 18th-largest holder. Tether (USDT) and USD Coin (USDC) […] source: https://www.cryptopolitan.com/federal-reserves-cuts-stablecoins-stability/