The USDT lending APY on Aave has surged to 16.01%, reaching a peak in the last six months.

According to on-chain analyst Ai Yi's monitoring, the $USDT lending APY on $Aave has soared to 16.01%, reaching a peak in the past six months. The last time there was such a frenzy of borrowing $USDT was during the BTCATH in December last year—when 1 billion $USDT was additionally issued, and the Binance $USDT wealth management interest rate rose to 4%. [Odaily Planet Daily]