Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The stablecoin pool ideally has a weightage comprising 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70%.
The stablecoin pool ideally has a weightage comprising 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70%.
Original source
Read on CointelegraphRelated market context
Tether blacklists wallet linked to $120M USDT transfer, freezes $72M
Tether's frequent fund freezes highlight the centralized control over USDT, raising concerns about asset accessibility and regulat...
Rob Hadick Warns Tether and Circle Face Rising Pressure From New Stablecoins
Dragonfly General Partner Rob Hadick believes stablecoins are entering a new phase. While USDT and USDC remain dominant today, he...
Fidelity’s Dollar Stablecoin Taps Curve and Uniswap as Its DeFi Liquidity Layer
The Fidelity Digital Dollar reportedly deployed liquidity to both Curve Finance and Uniswap in a single Ethereum block Thursday ev...
Fidelity chooses Uniswap as liquidity layer for FIDD stablecoin pools
Fidelity's integration of FIDD with Uniswap could significantly boost institutional trust and participation in DeFi, expanding sta...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Tether’s Brief Flip of Ether in Value Gives Crypto a Reality Check
Tether's USDT briefly overtook Ether in market value for a few hours, highlighting the growing dominance of stablecoins in crypto....