Odaily News A new report from CCData shows that the stablecoin industry will have to bear a significant loss in interest income after the Federal Reserve's latest rate cut. The top five centralized stablecoin issuers hold nearly $125 billion in U.S. Treasuries, accounting for nearly 80.2% of their reserve funds. Every 50 basis point rate cut by the Federal Reserve will result in a loss of $625 million in interest income for U.S. dollar stablecoin issuers each year. Data shows that Tether holds nearly $93.2 billion in U.S. Treasuries and repurchase agreements, which contributed most of its $5.2 billion net profit in the first half of 2024. The second largest stablecoin USDC holds $28.7 billion worth of U.S. Treasury assets through its Circle Reserve Fund. (Dailyhodl)