USDT interest rate – 19.1% on 26 December 2023

It appears that the massive increase in crypto prices has led to a major increase in USDT interest rates
The USDT interest rate – 19.1% + on 26 December 2023 for Binance users having less than 500 USDT
It appears that a large number of crypto holders are converting their holdings into stablecoins like USDT
To prevent withdrawal, Binance has increased the interest rate, APR.