Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

by Aurelia Butler 16 June 2023, 22:40 199 Views

On June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare as the stablecoin’s weightage in the pool rose above 70%, leading to heavy selling. Tether’s chief technology officer claimed these market conditions are stress tests for the stablecoin and played down the depeg “FUD.”

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Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

Ethereum network upgrade and uptick in Arbitrum active users could trigger an ARB price reversal

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