News list for " reserve rate hike"

According to The Information, a rate hike by the Federal Reserve could be a boon for stablecoin issuer Circle, but a rate cut could have an impact on it. With the looming threat of a rate cut by the Federal Reserve and the timing of the planned initial public offering still uncertain, Circle is looking for ways to expand its business. Circle's revenue is mainly derived from interest income from tens of billions of dollars in cash, U.S. Treasury bonds and other assets backing its popular USDC sta...

2024-08-02 21:11:59