data shows that the borrowing costs of stablecoins such as USDT and USDC on the decentralized lending platform Aave have dropped to around 4%, indicating that risk aversion is spreading to the crypto field. Strahinja Savic, Director of Data and Analysis at FRNT Financial, explained: "Aave's loan interest rates are affected by the utilization rate of deposit assets, and as leverage demand and other borrowing trading strategies cool down, their rates naturally decrease."
