The Fed’s Fund Rate Correlates With Stablecoin Liquidity: Analyst
According to Tom Wan, Research Analyst at 21.co, two significant stablecoin liquidity drops have occurred since Terra and FTX crashed. Wan used on-chain data to identify a corresponding behavior in the USDT and USDC liquidity on AAVE V2 as measured against the Fed’s fund rate. The research analyst recently posted about the correlation between the...