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It flips back and forth with USDC, which one is higher, at least on compound.finance. Right now USDC is higher, but it's been different. Here are the historical
by SilasX 5y ago
It flips back and forth with USDC, which one is higher, at least on compound.finance. Right now USDC is higher, but it's been different. Here are the historical charts (click the "borrow" tab, doesn't seem to be a way to link it with that one selected):
https://compound.finance/markets/USDC https://compound.finance/markets/USDC
https://compound.finance/markets/USDT https://compound.finance/markets/USDT
For example, on October 7, it shows USDT at over (sorry, "north of") 13%, while USDC was (sorry, "clocked in at") ~5%.
- leppr 5y agoThe rates are mostly affected by sudden changes in demand. The demand for Tether comes mostly from Binance and the other centralized Asian exchanges. The demand for Circle dollars comes from the DeFi ecosystem and FTX.