🆕 Grayscale Research: US inflation is accelerating and the Fed is stuck. Markets see no cuts until Sept 2027. We believe this points to three implications for crypto: 1/ Headwinds for debasement trades 2/ Tokenized fixed income accelerates 3/ Stablecoin issuers earn more on reserves Read the full article from @LowBeta on the Stack: https://www.grayscale.com/the-stack/higher-for-longer-rates-three-key-implications-for-crypto(Grayscale)