Express

Tether Usage Increasing In DeFi

Roland James

Summary: The usage of Tether (USDT) in decentralized finance (DeFi) looks to be increasing, as lending protocol Aave found that more than $7.2 million in USDT is locked, out of a reported $60 million in total assets. This comes two months after the initial release of Tether on Aave, which offers a wide variety of stablecoins ...

The usage of Tether (USDT) in decentralized finance (DeFi) looks to be increasing, as lending protocol Aave found that more than $7.2 million in USDT is locked, out of a reported $60 million in total assets.

This comes two months after the initial release of Tether on Aave, which offers a wide variety of stablecoins such as Dai (DAI), USD Coin (USDC), sUSD and TrueUSD (TUSD).

By Roland James

Last Update:

Tags: ,,,
Link: Tether Usage Increasing In DeFi   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 2 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 3 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 5 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 7 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 8 days ago

    • You need to login to comment.