MEXC Remains Largest Known Aave v3 USDT Holder With $347 Million Position
The source says MEXC has been gradually withdrawing Tether (USDT, U.S. dollar-pegged stablecoin) from Aave v3 (third version of the lending protocol) since 2:23 UTC on April 19.
Summary
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Terms & Concepts
USDT: Tether, a stablecoin designed to track the U.S. dollar and commonly used for trading and on-chain transfers.
Aave v3: The third version of Aave, a decentralized lending protocol that lets users deposit crypto and borrow against collateral.
Stablecoin: A cryptocurrency intended to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.