https://cointelegraph.com/news/curve-pool-imbalance-usdt-depeg-concerns-tether-cto-calls-it-fud
The Tether
USDT
$1.00
stablecoin slightly deviated from its United States dollar peg on June 15 due to an imbalance in Curve’s 3pool. The price of USDT fell by 0.3% to around 0.997 as its weightage in the curve 3pool increased to over 70% from the usual 33.1%.
Curve’s 3pool is a stablecoin pool for decentralized finance holding a massive amount of liquidity in the three top stablecoins: USDT, USD Coin
USDC
$1.00
and Dai
DAI
$1.00
. A significant rise in the weightage of a particular stablecoin in the pool indicates heavy selling of that asset.
------ Post added on Jun 15, 2023 at 9:45 PM
The Tether
USDT
$1.00
stablecoin slightly deviated from its United States dollar peg on June 15 due to an imbalance in Curve’s 3pool. The price of USDT fell by 0.3% to around 0.997 as its weightage in the curve 3pool increased to over 70% from the usual 33.1%.
Curve’s 3pool is a stablecoin pool for decentralized finance holding a massive amount of liquidity in the three top stablecoins: USDT, USD Coin
USDC
$1.00
and Dai
DAI
$1.00
. A significant rise in the weightage of a particular stablecoin in the pool indicates heavy selling of that asset.
------ Post added on Jun 15, 2023 at 9:45 PM
