What is the current 1-month SOFR rate for digital currencies?

3 answers

• NvdwOct 26, 2023 · 2 years ago
  The current 1-month SOFR rate for digital currencies is 0.25%. This rate is determined based on the average interest rates at which major banks lend to each other in the overnight market. It is a widely used benchmark for short-term interest rates. The rate is calculated by taking the average of the SOFR rates published by the Federal Reserve Bank of New York over a one-month period. It is important to note that the SOFR rate can fluctuate daily based on market conditions.
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• Haji mohamedMay 19, 2024 · 2 years ago
  The current 1-month SOFR rate for digital currencies is 0.25%. This rate is used as a reference for various financial products, including loans, mortgages, and derivatives. It provides a transparent and reliable benchmark for interest rates in the digital currency market. The rate is calculated based on actual transactions and reflects the cost of borrowing in the market. It is important for investors and borrowers to stay updated on the current SOFR rate to make informed decisions.
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• RougeNov 05, 2024 · a year ago
  As of now, the current 1-month SOFR rate for digital currencies is 0.25%. This rate is determined by the Federal Reserve Bank of New York and is widely recognized as a reliable indicator of short-term interest rates. The SOFR rate is calculated based on overnight transactions in the Treasury repurchase agreement (repo) market. It is considered a more robust and representative benchmark compared to the previous benchmark, the London Interbank Offered Rate (LIBOR). The SOFR rate is used by various financial institutions and market participants to price and value digital currency products.
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