Grayscale: U.S. inflation accelerates, causing Federal Reserve to delay interest rate cuts, stablecoin issuers will receive higher reserve yields

Grayscale Research issued a document saying that inflation in the United States is accelerating, the Federal Reserve has limited room to cut interest rates, and the market currently expects not to cut interest rates until September 2027. Grayscale believes that this macro environment has three major impacts on the crypto market: trading pressure to fight the devaluation of fiat currencies, the accelerated development of tokenized fixed income tracks, and stablecoin issuers will earn more from reserves.