Binance USDC APR falls to 0.58%

One of the main advantages of using Binance or crypto exchanges was the interest they are offering on crypto currencies.
After the crash in crypto prices in 2026, the APR which crypto exchanges are offering has reduced to a great extent.
The APR for USDC on Binance Simple Earn was reduced to 0.58%
This shows the risk of staking online, the interest rates fluctuate to a very extent, approximately a month earlier, the APR was 8%
The APR fluctuates every minute for some cryptos.