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

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CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

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Coin Market

Solana shows resilience, but some areas need continued observation, Fidelity says

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Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.

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Coin Market

Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report

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Markets in Southeast Asia, Latin America, Africa and the Middle East see increasing demand for stablecoins.

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Coin Market

Lagarde says euro-area economy is resilient, digital euro imminent

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“The digital euro will further stimulate innovation and competition in retail payments,” according to the ECB president.

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