OKX USDT Simple Earn (Current) APR Surges to 39%

On August 13th, according to OKX data, the annualized rate of interest (APR) for the USDT "simple coin earning" (current) product on the OKX platform has surged to 39% in the past hour. Since last night, the interest rate has fluctuated significantly within the range of 5% to 46%, and reached a high of 46% around 5am today. It is reported that the rapid surge in interest rates for OKX type current wealth management usually results in a period of significant market fluctuations. Today, ETH continued to rise, breaking through the $4600 mark and setting a new high since 2022.