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Guavy AI Editorial Team••Sentiment: -2.5•Clout: 82

Aave's USDC Yields Face New Competition from Open USD

USDCAAVE

Aave's USDC yields may face competition from Open USD, a new stablecoin that could offer higher interest rates to DeFi users.

Open USD is set to launch soon, and its higher yields could potentially attract users away from Aave's USDC market. This could be bad news for Aave, which has seen significant growth in its USDC lending pool recently.

Aave's USDC yields currently range from 1% to 13%, depending on the loan term. Open USD, on the other hand, is promising higher yields, although the exact rates have not been disclosed.