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Aave's withdrawal amount reaches $6.6 billion, and USDT borrowing interest rates soar to 15%
Mars Finance reports that, according to on-chain analyst Yu Yan’s monitoring, the amount of funds withdrawn from Aave today has reached 6.6 billion USD, half of which are stablecoins.
After a large amount of funds are withdrawn, both deposit and borrowing interest rates have skyrocketed, with USDT and USDC stablecoins’ deposit interest rates reaching as high as 13.4%, and borrowing interest rates hitting 15%.