On-chain analyst Ai Yi reports a significant rise in Aave's USDT lending APY, reflecting increased demand for USDT and evolving market conditions.
On July 17, on-chain analyst Ai Yi reported that the annual percentage yield (APY) for USDT lending on Aave has surged to 16.01%, its highest level in six months. This increase follows a notable rise in USDT issuance, echoing last December's Bitcoin ATH when USDT issuance jumped by 1 billion. The current APY indicates robust demand for USDT lending and highlights growing interest in lending platforms as market conditions shift.