According to BlockBeats, on September 25, stablecoin research company Bluechip published an article on the X platform stating that for every 50 basis point rate cut by the Federal Reserve, Tether’s annual revenue will decrease by $488 million and Circle’s annual revenue will decrease by $144 million. As the Federal Reserve cuts interest rates, the income that stablecoin issuers receive from U.S. Treasuries will decline, which may force them to make riskier investments to make up for the loss of income.

According to an image shared by Bluechip, as of September 22, Circle and Tether held more than $125 billion in U.S. Treasuries.

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