Interestingly Tether started wobbling at just below $1.00 again today. I wonder ... | Hacker News

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AlexandrB on Nov 9, 2022 | parent | context | favorite | on: FTX’s financial black hole leaves Binance balking ...

Interestingly Tether started wobbling at just below $1.00 again today. I wonder if it's connected to this news, the drop in BTC price, or something else.

SilasX on Nov 10, 2022 [–]

Borrowing shot up in Tether, and with it, the interest rates on lending dapps. The same didn't happen with USDC:

USDT: https://app.aave.com/reserve-overview/?underlyingAsset=0xdac...

USDC: https://app.aave.com/reserve-overview/?underlyingAsset=0xa0b...

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