• About
  • Contact Us
Sunday, June 26, 2022
Crypto Currency Financial
  • Home
  • Crypto News
  • CRYPTO CASINOS
    • Cardano Casinos
    • Ethereum Casinos
    • Litecoin Casinos
    • Tron Casinos
  • MARKET UPDATES
    • BTC ANALYSIS
    • ETH ANALYSIS
    • XRP ANALYSIS
  • About Us
  • Contact Us
No Result
View All Result
Crypto Currency Financial
No Result
View All Result
Home Crypto

Tether Boosts DeFi Lending, Flash Loans in Collaboration with Aave

Max Steven by Max Steven
March 14, 2020
in Crypto
394 8
0
Tether Boosts DeFi Lending, Flash Loans in Collaboration with Aave
553
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

ROAD TOWN, British Virgin Islands, March 10, 2020 —  Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and Aave Protocol, an open source and non-custodial protocol, are working together to bring wider adoption of Tether (USDt) to the nascent decentralised finance (DeFi) ecosystem.

USDt is powering a variety of innovative DeFi lending projects. According to data provided by Aave, USDt also offers the best yield for lenders in the marketplace. USDt provides lenders with a monthly yield of 12.25 percent while over the same period MakerDAO’s Dai, and Circle’s USDC offer a yield of 8.08 percent and 5.7 percent, respectively.

USDt’s pivotal role in the growing DeFi space is underlined by its growing use in Flash Loans, which enables customers to borrow a range of ERC20 tokens without posting collateral to back those loan positions, provided that the loan is returned in the same transaction. Flash Loans have been used to take advantage of on-chain arbitrage opportunities, compete for on-chain liquidations and move open positions between DeFi platforms. As a pioneer of Flash Loans, Aave has found USDt’s property to be the most liquid and trusted stablecoin, a powerful tool for powering this innovative form of lending.

Stani Kulechov, CEO of Aave, said: “USDt is the largest stablecoin in the market and it brings a vast amount of liquidity within the DeFi space. Together with Aave, this will help bootstrap DeFi composability via Flash Loans, lending and borrowing.”

“Enabling USDt holders to earn a passive income via an open lending platform such as Aave opens exciting new possibilities for the DeFi space and USDt liquidity,” said Paolo Ardoino, CTO at Tether. “USDt’s use in such innovative DeFi projects is evidence of its important function in the digital currency ecosystem.”

USDt’s total market capitalization has more than doubled from about $2 billion in February 2019 to about $4.9 billion today. Tether works with Algorand, Ethereum, EOS, Liquid Network, Omni and Tron. Tether is driven to support and empower growing ventures and innovation in the blockchain space.

Aave is the fastest growing DeFi protocol to date on the Ethereum blockchain. With a focus on innovation and governance, Aave Protocol thrives to empower builders and finance professionals to obtain access to new business opportunities. Aave will continue to support the USDt ecosystem as the stablecoin with the best yield in DeFi, and will continue supporting flash loans using USDt to allow instant liquidity for traders.

Tether

DAI

USDC

TUSD

1D

17,52%

5,14%

7,15%

1,56%

1W

19,48%

4,48%

4,12%

1,78%

1M

12,25%

8,08%

5,7%

2,56%

Aave Protocol Stablecoins APY Rates Matrix

About Tether
Tether is the preeminent stablecoin with the biggest market capitalization, surpassing that of all rival offerings combined. Created in October 2014, Tether has grown to become the most traded cryptocurrency. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron and Algorand blockchains, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a secure, fast and low-cost way to transact with money.

About Aave
Aave Protocol is a decentralized, permissionless and non-custodial lending protocol built on the Ethereum blockchain and governed by the LEND token. Launched in early January 2020, Aave has already seen record growth for the DeFi ecosystem. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain loans by tapping into these pools in both an over collateralized or uncollateralized fashion. Aave Protocol is unique in that it tokenizes deposits as aTokens which accrue interest in real time. It is also the pioneer of the Flash Loan feature, which lets developers borrow instantly and easily; no collateral needed. With 16 different assets and USDt as the main stablecoin, Aave Protocol is the most diverse lending pool in the Ethereum ecosystem.

Media Contact for Tether:
Joe Morgan
Senior Public Relations Manager
[email protected]tether.to

Media contact for Aave:
Isa Kivlighan
Digital Marketing Manager
[email protected]

Tags: AaveBoostsCollaborationDeFiFlashLendingLoansTether
Max Steven

Max Steven

Max has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system.

Related Posts

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

June 18, 2022
KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

June 16, 2022

Coinhub AI quantitative trading leads the new wave of crypto, with user data up over 200% in Q2

June 15, 2022
Award-Winning Projects of the $1,000,000 KCC Unicorn Contest

Award-Winning Projects of the $1,000,000 KCC Unicorn Contest

May 28, 2022
United with the Global Guild to cast the cornerstone of Mars

United with the Global Guild to cast the cornerstone of Mars

May 18, 2022
Coinstore.com Accelerates Globalization Strategy and Launches “Crypto Tour of 50 Countries”

Coinstore.com Accelerates Globalization Strategy and Launches “Crypto Tour of 50 Countries”

May 9, 2022

Trending

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
NFT

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals

2 days ago
8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem
Crypto

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

1 week ago
KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators
Crypto

KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

1 week ago
Crypto

Coinhub AI quantitative trading leads the new wave of crypto, with user data up over 200% in Q2

2 weeks ago
Animoca Brands, Leading Blockchain Games Company, Becomes Lead Liberty Gaming Investor
NFT

Animoca Brands, Leading Blockchain Games Company, Becomes Lead Liberty Gaming Investor

2 weeks ago

Recent Post

  • Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
  • 8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem
  • KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators
  • Coinhub AI quantitative trading leads the new wave of crypto, with user data up over 200% in Q2
  • Animoca Brands, Leading Blockchain Games Company, Becomes Lead Liberty Gaming Investor
  • MemeKong Setting The Standard For Meme Coins
  • JPEX is teaming up with the Western Sydney Wanderers to give away 250 exclusively designed NFT “J-ball”.

Categories

  • AI Trading
  • Axia
  • Bitcoin
  • Blockchain
  • Blockchain News
  • Business
  • Crypto
  • Crypto News
  • Cryptocurrency
  • Cryptonews
  • Cryptos
  • Deepcoin
  • Gaming
  • Guest Post
  • ICO
  • Metaverse
  • News
  • NFT
  • Press Release
  • Technology
  • Tezro
  • Token
  • Trading
  • TRADING GUIDES
  • Wallets

Tags

2020 Announces Betting Bitcoin blockchain Brides cannabis Casino Casinos Colorado Content coronavirus Covid19 crypto Cryptocurrency Currency Deal financial foreign Gambling Games Gaming Group Launch Launches live marijuana market Online Partners Partnership Play pot Pragmatic Red reports revenue Simple Slot Slots Solutions Sports Supply unveils William

About

The cryptocurrencyfinancial publishes regular news, analysis and opinion pieces on the latest developments in this fast-moving space. We offer the latest crypto news, expert pricing analysis and insight on the latest ICO's.

Contact Us: [email protected]

  • About
  • Contact Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $47,760.000.100% 24H
    BITCOIN
    24H : 0.100%
    Volume : $25,691,746,641.00
    Marketcap : $902,767,395,534.00
  • ethereumEthereum(ETH)
    $3,750.30-0.42% 24H
    ETHEREUM
    24H : -0.42%
    Volume : $15,543,537,817.00
    Marketcap : $446,191,570,291.00
  • binancecoinBinance Coin(BNB)
    $523.71-0.25% 24H
    BINANCE COIN
    24H : -0.25%
    Volume : $1,715,282,504.00
    Marketcap : $88,112,540,019.00
  • tetherTether(USDT)
    $1.0000.050% 24H
    TETHER
    24H : 0.050%
    Volume : $52,703,800,023.00
    Marketcap : $78,519,198,598.00
  • solanaSolana(SOL)
    $175.020.210% 24H
    SOLANA
    24H : 0.210%
    Volume : $1,660,210,957.00
    Marketcap : $54,115,741,275.00