Gray: The acceleration of inflation in the United States has delayed the Federal Reserve's interest rate cuts, and stablecoin issuers will receive higher reserve returns

Grayscale Research stated that inflation in the United States is accelerating, and the Federal Reserve's room for interest rate cuts is limited. The market currently expects that interest rates will not be cut until September 2027.

Grayscale believes that this macro environment has three major impacts on the crypto market: pressure on trades that counteract fiat currency depreciation, accelerated development of tokenized fixed income sectors, and stablecoin issuers will earn more from their reserves.