A wallet address moved 150 million USDT from lending protocol Aave to Spark Savings, according to The Defiant. The transfer took place as Aave borrowing rates climbed into double-digit territory. Following the withdrawal, available liquidity in Aave’s USDT reserves on Ethereum stood at $169.54 million on Oct. 8. The move highlights a large shift of stablecoin capital between on-chain yield venues at a time of tighter borrowing conditions on Aave. No additional details about the wallet identity were disclosed in the source report.
A wallet address moved 150 million USDT from lending protocol Aave to Spark Savings, according to The Defiant.
The transfer came as borrowing rates on Aave rose into double-digit levels. After the withdrawal, available liquidity in Aave’s USDT reserves on Ethereum was $169.54 million on Oct. 8.
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