Aave Massive Exit: $6.6 Billion Funds Withdrawn, Stablecoin Rates Surge!


Market Volatility Triggered by Fund Withdrawals: Today, the Aave protocol's fund withdrawals have reached $6.6 billion, with more than half in stablecoins.
Stablecoin deposit rates have surged sharply, with USDT and USDC deposit rates reaching 13.4%.
Borrowing rates have also skyrocketed, with borrowing rates reaching as high as 15%.
AAVE-19.41%
USDC-0.01%
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