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For the 3rd consecutive week, stablecoins are in the spotlight with exceptionally APYs on Colend ๐ฐ
๐ช๐ต๐ฎ๐'๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ถ๐ป๐ด ? $USDC and $USDT are currently yielding high.
This is largely driven by strong demand from borrowers who are going ๐๐ข๐ก๐ on their collateral, anticipating future price increases on $BTC and $CORE ๐ซฐ
By borrowing stablecoins now, they aim to maximize benefits from their loan by : - Leverage positions - Arbitrage on DEXes or CEXes - Supply LPs
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