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Aave Captures 66.4% of $5.8 Billion in DeFi Stablecoin Deposits

The combined total covers Tether USDt and USDT0 deposits across decentralized finance venues.

Mentioned assets
A large glass reservoir dominates a connected row of smaller vessels / TokenPost.ai
A large glass reservoir dominates a connected row of smaller vessels / TokenPost.ai

Deposits of Tether USDt (USDT) and USDT0 across decentralized finance venues totaled $5.8 billion, with Aave accounting for 66.4% of the total. That makes the crypto lending and borrowing platform the largest destination in the reported activity.

USDT is a widely used stablecoin that serves as a source of liquidity in decentralized finance. The reported total also includes USDT0.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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