December 9, 2020: πΊπΈπ± BUSD eats America's lunch, Tether untethers + HUSD
Keep Ahead of the Curve
Here are todayβs trends to watch from Curve Market Cap:
Why is BUSD so hot, currently at 6.8% daily APY and rising? One hypothesis: Americaβs kleptocracy is overly busy criminalizing innovation, clearing the field for companies like Binance to clean up. The ritzy exchange/casino recently announced their newest round of their popular dual savings products, which offer high interest loans settled in BUSD or BTC depending on strike price.
Some claim USDT demand correlates with BTC volatility. While Bitcoin has been very volatile lately, weβre seeing volume in the Tether Curve pool drop to $80K as yields slash in half.
HUSD sees an uptick above $400K in volume following the launch of the Harvest Finance pool.
For more info, check our live market data at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/