Curve Pool Imbalance Causes USDT Depeg Issues, Tether CTO Calls It FUD

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(USDT) stablecoin barely deviated from its USD peg on June 15 attributable to Curve’s 3pool imbalance. The USDT value fell 0.3% to round 0.997 as the load inside the Curve 3 pool elevated from its common 33.1% to over 70%.

Curve’s 3pool is the highest 3 stablecoins USDT, (USDC) and die (Huge). A big improve within the weight of a selected stablecoin within the pool signifies that the asset is being offered in massive numbers.

USDT value depeg. Supply: TradingView
Curve’s 3-pool stablecoin weights. Supply: Curve.

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