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How does the USD SOFR OIS compound affect the value of digital currencies?

avatarDominckMar 22, 2022 · 3 years ago1 answers

Can you explain how the USD SOFR OIS compound impacts the value of digital currencies? What is the relationship between them?

How does the USD SOFR OIS compound affect the value of digital currencies?
Digital Currencies
USD SOFR OIS Compound
Value

1 answers

  • avatarMar 22, 2022 · 3 years ago
    At BYDFi, we understand the importance of the USD SOFR OIS compound in the digital currency market. Changes in the USD SOFR OIS compound can have a ripple effect on the value of digital currencies. When the USD SOFR OIS compound increases, it can signal higher borrowing costs, which may lead to a decrease in demand for digital currencies. Conversely, when the USD SOFR OIS compound decreases, it can indicate lower borrowing costs, potentially increasing the demand for digital currencies and driving up their value. Monitoring the USD SOFR OIS compound is crucial for staying informed about potential shifts in the digital currency market.

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