Grayscale: 25 bps Fed rate hike will not significantly impact crypto market
- —Grayscale: a 25 bps rate hike is a mid-cycle correction, not a reversal
- —Circle and Tether will earn more interest income at higher rates
- —The historical example of 1997 shows minimal impact from similar hikes
- —Bitcoin dominance remains stable, traders react cautiously
Why it matters: Higher rates boost stablecoin issuers' revenues, which could increase interest in USDC and USDT amid market uncertainty.
Source: Coinfomania