The same Fed rate hike can help stablecoins and hurt Bitcoin borrowers

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 04 Oct, 13:20 UTC

When you hold a dollar stablecoin, somebody else may be earning interest on the assets backing your balance, while a company borrowing to buy Bitcoin has to find the money to pay its lenders. Both businesses are crypto-native, but a higher interest rate can reward the first and eat into the…