NewsBriefs - Total stablecoin market cap exceeds $200 billion as DeFi lending yields surge
12/09/2024 19:14
The total market capitalization of stablecoins has surpassed $200 billion, indicating a 13% increase in the past month, driven by investors ...
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Total stablecoin market cap exceeds $200 billion as DeFi lending yields surge
The total market capitalization of stablecoins has surpassed $200 billion, indicating a 13% increase in the past month, driven by investors seeking high yields on decentralized finance (DeFi) platforms. This surge is attributed to elevated lending rates offered by DeFi protocols such as Aave and Compound, with stablecoin borrowing and lending rates reaching 10-20% annualized. Additionally, the total value locked in lending protocols has peaked at $54 billion, highlighting the growing investor interest in accessing higher yields through onchain activities.
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Total stablecoin market cap exceeds $200 billion as DeFi lending yields surge
The total market capitalization of stablecoins has surpassed $200 billion, indicating a 13% increase in the past month, driven by investors seeking high yields on decentralized finance (DeFi) platforms. This surge is attributed to elevated lending rates offered by DeFi protocols such as Aave and Compound, with stablecoin borrowing and lending rates reaching 10-20% annualized. Additionally, the total value locked in lending protocols has peaked at $54 billion, highlighting the growing investor interest in accessing higher yields through onchain activities.
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Altcoins show resilience and potential decoupling from Bitcoin amid market volatility
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