Crypto Lending Rates Sink Below The Most Secure Us Government Debt
Interestingly, cryptocurrency yields, which institutions normally seek out, have just dropped below what the United States government pays to borrow money for three months, as per a Bloomberg report on September 13. The Federal Reserve’s aggressive approach led interest rates to rise everywhere except in crypto, where yields have plunged with volumes and where confidence has been undermined by the collapse of the Terra (LUNA) project and the bankruptcy of crypto lenders like Celsius Network....