Stablecoins Seen as Cushion Against Adverse Effects of Fed Rate Hikes

IconCryptoNewsTerminal Staff18 Sep, 2024

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Stablecoins Seen as Cushion Against Adverse Effects of Fed Rate Hikes

Standard Chartered Executive: Stablecoins could serve as a buffer against the adverse effects of the U.S. Federal Reserve's rate hikes. Stablecoins could mitigate the adverse effects on Treasury and money market token counterparts, according to Alexander Deschatres, Standard Chartered's head of sponsor coverage for Asia.