Odaily Daily Planet News CCData's latest report shows that after the latest rate cut by the Fed, the stablecoin industry will have to bear a significant loss of interest income. The top five centralized stablecoin issuers collectively hold nearly $125 billion in US Treasury bonds, accounting for nearly 80.2% of their reserve funds. For every 50 basis point rate cut by the Fed, stablecoin issuers in US dollars will lose $625 million in interest income per year. Data shows that Tether holds nearly $93.2 billion in US Treasury bonds and repurchase agreements, which contributed most of its net profit of $5.2 billion in the first half of 2024. The second largest stablecoin USDC holds $28.7 billion in US Treasury bonds through its Circle Reserve Fund. (Dailyhodl)