Fidelity: Fed rate cuts could be good for DeFi and stablecoins
Fidelity has stated that the expected Fed rate cut could reignite major institutions' interest in decentralized finance (DeFi) and stablecoins, provided that infrastructure continues to develop further this year. Fidelity's 2024 Digital Asset Outlook report, released on January 13th, stated that although institutions were expected to enter DeFi for its yield last year, they ultimately did not due to the Fed's interest rate hikes pushing them towards "perceived safer" traditional fixed-income products. If DeFi yields become more attractive than traditional finance (TradFi) yields again and more developed infrastructure emerges, institutions may have "new interest" in DeFi by 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top ADA contributor hails Cardano’s new AI collaboration as a game-changer
Share link:In this post: Cardano partners with Check Point to integrate AI-driven blockchain security. Enhanced security will make Cardano a safer and more viable blockchain for large-scale applications. The initiative reinforces Cardano’s position as a leader in secure blockchain infrastructure.
Reddit To Buy TikTok US? Co-Founder Bids To Bring It On-Chain
Utah Senate approves Bitcoin bill without reserve clause
1inch hacker returns $5 million after negotiation
Trending news
MoreCrypto prices
More
