The policy interest rate set by the Federal Reserve has been serving as a lower bound for stablecoin borrowing rates in the crypto market for the past approximately 1.5 years.
As the Fed begins to cut interest rates, the onchain stablecoin borrowing rates on the blockchain have also started to decline, following the trend of traditional market interest rates.
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The policy interest rate set by the Federal Reserve has been serving as a lower bound for stablecoin borrowing rates in the crypto market for the past approximately 1.5 years.
As the Fed begins to cut interest rates, the onchain stablecoin borrowing rates on the blockchain have also started to decline, following the trend of traditional market interest rates.