Recently noticed that the Annual Percentage Rate of a USD stablecoin financial product from a leading exchange suddenly shot up to over 20%, which left me a bit puzzled. Is this a price war with other stablecoins?

However, to be honest, if the exchange has not officially released a subsidy announcement, the yield on these financial products is usually variable. So how long this high interest can be maintained is really hard to say. Perhaps it will drop back to the usual level in a couple of days.

From the market data, the price of this stablecoin has directly risen from 0.999x to 1.00 in a short period, which is clearly not a coincidence. I've heard that there might be a special subsidy activity in the works, and if confirmed, it would indeed be worth paying attention to. In any case, for financial management users, these high-yield window periods are always fleeting, so those interested should closely monitor market dynamics.