Yesterday Crypto.com announced substantial reductions in their interest rates.
Stable coins have dropped from 12% to 8% for a 3 month term and Bitcoin from 6.5% to 4%.
I see this as a direct result of them being forced to withdraw their crypto lending product to many countries by regulatory interference in free markets.
When they could lend at 8% and use the cryptocurrency provided as security on DeFi to earn more they could afford to offer very high rates. Now there is much less opportunity to lend so they have to cut deposit rates.
The 12% at call offered by HBD looks very attractive now. Especially as it is decentralised.
Please vote for my Hive witness. (KeyChain or HiveSigner)