Federal Reserve raises rates to 3.75–4%; Wirex launches stablecoin banking on Arc mainnet; Tare raises $13.25M for Avalanche block explorer.

Macro & Markets · 2026-09-17

The Federal Reserve raised its benchmark rate by a quarter point to 3.75–4% on September 17, 2026, citing elevated inflation and solid growth. Wirex deployed stablecoin banking infrastructure on the Arc mainnet, while Tare secured $13.25 million in funding to develop an Avalanche-based block explorer. Bitcoin traded at $77K (+1.76%), Ethereum at $2.5K (+3.88%), and OPEN at $0.47 (+6.04%).

Previously on Telem

Onchain credit market Tare raises $13.3M seed round 2026-09-17
Tare raises $13.25M for Avalanche private credit blockchain platform 2026-09-16
Avalanche Treasury CEO warns AI agents could exhaust Layer 1 blockspace by mid-2027 2026-09-17
COTI launches Privacy-on-Demand on Avalanche mainnet 2026-09-16
Wirex launches stablecoin banking infrastructure on Arc mainnet 2026-09-16