The DeFi landscape may change dramatically, Tether announced its entry into DeFi and integrated the flash loan agreement Aave

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), Translator: Kyle, published with permission.

Editor's Note: This article comes from

Babbitt Information (ID: bitcoin8btc)

Babbitt Information (ID: bitcoin8btc)

, Translator: Kyle, published with permission.

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Tether’s CTO Paolo Ardoino

On March 10, Tether, the issuer of the stablecoin USDT, officially announced the integration of the DeFi lending protocol Aave. Aave enables customers to take out loans using flash loans, a new type of loan product that allows users to obtain short-term unsecured loans with little risk.

Tether's chief technology officer, Paolo Ardoino, revealed at CryptoCompare's digital asset summit that Tether hopes to become a stablecoin business leader in the field of decentralized finance (DeFi).

Ardoino revealed that some decentralized finance (DeFi) platforms have shown interest in their USDT stablecoin and announced this partnership with Aave at the summit. The partnership will see both parties working together to "apply Tether (USDT) as a broader tool for the nascent DeFi ecosystem."

Stani Kulechov, founder and CEO of Aave, said that new partnerships with dollar-pegged stablecoins like Tether could help play an important role in the growing DeFi industry. This is because Tether has the highest market share and market capitalization of all stablecoins, currently at approximately $4.6 billion.decryptAccording to Aave, the Tether (USDT) stablecoin offers the platform’s lenders a monthly yield of up to 12.25 percent, while other stablecoins like MakerDAO’s DAI and Circle’s USDC yield 8 percent and 5.7 percent, respectively. %.