Gate’s USDT Flexible Savings APY don reach 11.29%
Gate Exchange don update di yearly yield for dia YuBiBao USDT flexible savings product to 11.29% APY. Di new rate mix 5.28% base yield with 6.00% limited-time bonus, making di stablecoin yield tori better pass before. Traders wey want steady returns for USDT fit deposit money for Gate’s YuBiBao flexible savings, wey dem fit withdraw daily. Di higher USDT yield na to make people put more money inside, and e fit affect how liquidity and short-term trading go for di platform. Even though same yield promos don make deposit plenty before, di main crypto market impact go likely neutral, as most investors dey balance di gain from yield and market wahala (volatility). Gate move show say exchanges still dey compete to give better APY for stablecoin deposits.
Neutral
Gate decision to raise the YuBiBao USDT flexible savings APY to 11.29% fit likely make more people put USDT money inside as traders dey find to make better returns. Before now, similar market moves for exchanges don dey cause more stablecoin enter dem and make platform money dey flow well. But the increase for the yield no too get big wahala for how crypto prices move generally because e no directly affect how tokens dey come or the main market condition dem. For short time, more USDT inside Gate fit change how trading dey happen inside and reduce the pressure of people selling, but for long time, market steadiness no go change much. Overall, market impact go dey balanced.