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The stablecoin market has reached a record high, with the total market capitalization surpassing $200 billion, marking a 13% increase over the past month. This surge is attributed to growing investor interest in decentralized finance (DeFi) lending, where platforms such as Aave and Compound are offering annualized yields between 10% and 20%. The increase in stablecoin supply reflects a broader trend of investors seeking higher returns in the DeFi space, driving demand for stablecoins as a preferred investment vehicle.
Global stablecoin supply ATH 💥 Higher 🚀 https://t.co/xEV3GoW2jw
Who has the best rates for stablecoins? In October we deposited 100 USDT and 100 USDC into various lending markets and the results are in for our second month 🥁 Check the full results for all contenders in the competition 👇 Portfolio tracking by @PulsarFinance https://t.co/hJMBB9xqOI
📊 The stablecoin market cap has hit a record $200B, up 13% in the past month. Analysts attribute the surge to investors seeking higher DeFi yields, with Aave and Compound rates now 10-20% annualized. https://t.co/6xJXI4d02S
