Tether (USDt) Use Spikes on DeFi Lending Protocol Aave – NewsAffinity

ROAD TOWN, British Virgin Islands, May 28, 2020 9:00 AM BST —  Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and Aave Protocol, an open source and non-custodial money market protocol, have witnessed a surge in demand for Tether (USDt), amid growing interest in decentralised finance (DeFi). USDt is the biggest and fastest growing stablecoin money market in DeFi, with $7.2 million worth of USDt now available on the Aave platform. USDt is enabling a stream of innovative DeFi financing products on Aave, which has a total liquidity of $70 million with about $60 million of […]