The report from August 12 on the CPI in the US showed that inflation is falling in the country. This news increased the likelihood of a decrease in the key interest rate of the Federal Reserve in September 2025.

For crypto investors, such changes are positive. A decrease in rates increases the investment attractiveness of high-risk assets. However, these changes could severely impact the business of stablecoin issuers.

Analyst MartyParty has pointed out the problems that stablecoin issuers will face if the key interest rate decreases. Such a decision by the regulator could hit the issuers of the most capitalized 'stablecoins' the hardest: Circle (USDC) and Tether (USDT).

'When interest rates decrease, Circle and Tether will lose a significant portion of their income. Remember that they hold treasury bonds, which bring them profit. When rates fall, they will need to issue more stablecoins to maintain their current income level,' writes MartyParty.The financial model of Circle, which shows how a decrease in interest rates will affect its revenue and gross profit.

The analyst believes that companies will try to solve the problem by launching their own networks to generate income. Currently, the stablecoins Circle and Tether operate on the networks of other crypto projects, such as Ethereum and TRON. Fees for such transactions are collected not by the issuer, but by members of the crypto community who process the transactions, as well as partially by the platform development company.

Circle plans to launch the layer-one blockchain Arc. Tether, in turn, may launch the Plasma network for transactions with USDT. In this case, stablecoins could leave other popular networks, and issuers will begin to earn on transactions with their own tokens.

For the two most popular networks used today for transactions with stablecoins — Ethereum and Tron — the plans of issuers to launch layer-one blockchains could be a significant blow. The fact is that stablecoins are surpassing even the most capitalized cryptocurrency, Bitcoin, in transaction volume. The loss of such a volume of fees could severely impact projects that have become 'homes' for stablecoins because their issuers did not have their own network.

Recall that earlier the editorial team of BeInCrypto reported on why selling cryptocurrency in August could become an expensive mistake.

https://ru.beincrypto.com/circle-i-tether-stavka-frs/

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