According to BlockBeats, on February 27, USDT interest rates for current financial products on multiple CEX platforms experienced a significant increase just before the market rose. Among them, Binance's annualized interest rate is currently at 27.69%, Bybit's annualized interest rate is at 21.43%, and OKX's annualized interest rate once soared to 60% but has now fallen back to 13.06%.

This surge in interest rates indicates a growing demand for USDT on these platforms, which could be attributed to the recent market fluctuations. As investors seek stable assets amidst market volatility, USDT has become an attractive option due to its peg to the US dollar. The increased demand for USDT has led to higher interest rates on these platforms, making it more appealing for investors to hold and earn interest on their USDT holdings.

It is essential for investors to monitor these interest rates and market trends to make informed decisions about their investments in USDT and other cryptocurrencies. As the market continues to evolve, it is crucial to stay updated on the latest developments and trends to maximize potential returns and minimize risks.