Libeara Business Development Manager: $170 billion Stable Coin supply may alleviate the impact of the Fed's interest rate cut on government bond Tokens

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PANews September 19th news, according to CoinDesk, Alexandre Deschâtres, the head of Libeara’s business development, said that the $170 billion supply of Stable Coin may alleviate the impact of the Federal Reserve’s interest rate cut on government bond Tokens. As the Federal Reserve is expected to start an interest rate cut cycle on Wednesday, the rate cut may suppress the demand for government bond Tokens in on-chain transactions. However, Stable Coin can provide liquidity support for the coin market and government bond Tokens. Currently, the market expects the Federal Reserve to cut interest rates by 100 basis points this year. Nevertheless, the 4.5% interest rate is still attractive compared to holding Stable Coin.

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