Renewed interest in DeFi and stablecoins expected as Federal Reserve considers interest rate cut

A recent report released by asset manager Fidelity stated that an anticipated interest rate cut by the Federal Reserve in the United States could rekindle the interest of major institutions in decentralized finance (DeFi) and stablecoins. However, this renewed interest hinges on the further development of the infrastructure in the DeFi space this year. Fidelity…