The borrowing cost of stablecoins such as USDT and USDC on Aave has dropped to around 4%, and the risk aversion sentiment in the market has spread

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ODAILY
03-26
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Planet Daily News: Since March, Bitcoin has been oscillating between $76,000 and $95,000. The lack of a clear catalyst to break through the range makes it difficult for the market to gain sustained upward momentum. One signal reflecting market confidence comes from the decentralized lending platform Aave, where data shows that lending costs for stablecoins like USDT and USDC have dropped to around 4%, indicating that risk-averse sentiment is spreading to the crypto domain. Strahinja Savic, Head of Data and Analysis at FRNT Financial, explained: "Aave's loan rates are influenced by the utilization rate of deposited assets. As leverage demand and other borrowing trading strategies cool down, its rates naturally decline." (Bloomberg)

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