DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Bitcoin Ethereum Briefings Blockchain Security Mining Altcoin Research NFT
Timeline Hourly market signal stream Sources Publisher health and coverage Topics Curated crypto topic hubs Entities Assets, firms, people, regulators Media Kit Audience and placement options Search Advanced archive filters
Cryptocurrency Cryptonews

Tether (USDT) Loses 1:1 to US Dollar Amid Heightened Sell Pressure in Curve’s 3pool

Tether (USDT), the USD-pegged stablecoin issued by web3/fin tech company Tether, fell slightly below its 1:1 peg against the US dollar on Thursday on decentralized exchange (DEX) Curve Finance, pushing the DEX’s main sta...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether (USDT) Loses 1:1 to US Dollar Amid Heightened Sell Pressure in Curve’s 3pool
Tether (USDT), the USD-pegged stablecoin issued by web3/fin tech company Tether, fell slightly below its 1:1 peg against the US dollar on Thursday on decentralized exchange (DEX) Curve Finance, pushing the DEX’s main stablecoin liquidity pool (Curve 3pool) into imbalance.
USDT fell as low as 0.998 versus its competitor USD-pegged stablecoin USDC and against Maker protocol’s algorithmic stablecoin DAI on Thursday.
It was last trading around $0.9992 on the DEX against both....
Read More: Tether (USDT) Loses 1:1 to US Dollar Amid Heightened Sell Pressure in Curve’s 3pool

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context