Fidelity : Rate cuts will attract better DeFi yields

A new Fidelity report says 2024 could be the year institutions dip their toes in DeFi. A combination of rate cuts and increased stablecoin yields in DeFi could be enough to make it worth their while. The Boston-based financial group, which has $4.5 trillion of assets under management, controls some $4.25 billion worth of Bitcoin through its spot ETF.