Nobody knows why HTX is juggling $1B USDT on Aave •
HTX, the Justin-Sun advised exchange, has been depositing and withdrawing hundreds of millions of dollars worth of USDT on Aave.
HTX, the Justin-Sun advised exchange, has been depositing and withdrawing hundreds of millions of dollars worth of USDT on Aave.
Donald Trump-affiliated World Liberty Financial has yet to launch its AAVE instance six months after the governance vote approving it.
Justin Sun-advised HTX withdrew $570M from Aave, briefly spiking borrowing and lending yields, before depositing $600M back into the protocol.
While keen to avoid being labeled as a stablecoin, Ethena’s USDe is being used as such across some of DeFi’s biggest players.
Aave is the largest protocol on Polygon, accounting for over a third of the chain’s total value locked (TVL) at $467 million.