According to Mars Finance, on-chain analyst Yu Jin reports that $6.6 billion has been withdrawn from Aave today, half of which is in stablecoins. Following this massive outflow, both deposit and borrowing rates have surged, with USDT and USDC stablecoin deposit rates reaching 13.4% and borrowing rates reaching 15%.
Aave withdrew $6.6 billion, and USDT borrowing rates surged to 15%.
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