After a Slow Start, Tether Sees Increasing Usage in DeFi
cointelegraph.com
Tether (USDT) usage in decentralized finance (DeFi) appears to be growing, as lending protocol Aave reports over $7.2 million in USDT locked, out of a reported $60 million in total assets. This result comes two months after the initial launch of Tether on the platform, which offers a wide range of other stablecoins including Dai (DAI), USD Coin (USDC), sUSD and TrueUSD (TUSD).
The MakerDAO community, in its discussions to supplement USDC with stablecoins from other providers, is consciously ignoring USDT. Kulechov added: When asked if USDT will eventually take the top spot in DeFi, Kulechov answered that “it’s difficult to see who will win overall stablecoin demand at Aave.”.
Read in Full: cointelegraph.com
