Currently, the global economy is still in a long cycle of low interest rates, and the returns from traditional finance have long fallen to the floor. Saving in banks or buying bonds? The returns are painfully disappointing. But looking at the chain, the situation is completely different.

The interest rate arbitrage between stablecoins is particularly eye-catching in this era. Take USDC and USDT as examples; both are mainstream stablecoins, theoretically pegged to the US dollar. However, differences in market liquidity and demand structure objectively create arbitrage opportunities. Currently, such strategies can stably provide nearly 20% annualized USD returns, a figure that is a crushing blow to traditional finance.

The key is that this opportunity window will not stay open forever. As more traditional capital detects the opportunity and floods into on-chain markets, the interest rate spread will gradually be arbitraged away. Participating now means positioning yourself during a low-risk, high-knowledge-cost period; once everyone sees it, the returns will be evenly distributed and diluted.

For investors who truly seek steady growth, now is the best window to deploy on-chain arbitrage strategies. Instead of sticking to low bank interest rates, it’s better to allocate USD assets to more efficient places.