TRX News

Tether volume surges to $206m on DeFi platform Compound – Yahoo Finance

Tether, the USD-backed stablecoin that has a market cap of around $10 billion, has seen a notable spike in volume of DeFi platform Compound, which offers decentralised lending.

$206 million.” data-reactid=”20″>The USDT market on Compound has risen substantially compared to other offerings on the platform, with its enticing yields being a key factor in its rise to $206 million.

“Tether is an extremely useful asset in the Compound ecosystem, and has quickly become one of the most liquid markets in the Compound protocol and accordingly across all of DeFi,” said Calvin Liu, Strategy Lead at Compound.