DeFi Lending Boom: Stablecoins Fueling High Borrowing and Yield Growth

DeFi lending is experiencing a surge, with stablecoins playing a key role in driving this growth. Instead of focusing on trades, many users are treating their crypto holdings like savings accounts, depositing their stablecoins (USDT, USDC, etc.) to earn consistent returns from lending platforms. This shift has led to active borrowing surpassing $40 billion, the highest level seen in over two years, with borrowers leveraging these funds for high-risk leveraged bets.