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Imbalances in Stablecoin Pools Emerge as Traders Shed USDT Holdings

Katie Lin

Summary: Crypto traders ditched large amounts of Tether's USDT on Thursday, leading to heavy imbalances in key stablecoin pools on Curve Finance and Uniswap decentralized exchanges. Data shows that USDT balance surged to 62% in the Curve 3pool, while USDC and DAI comprised roughly 19-19% of all the assets in the pool. In the Uniswap USDT-USDC ...

Crypto traders ditched large amounts of Tether's USDT on Thursday, leading to heavy imbalances in key stablecoin pools on Curve Finance and Uniswap decentralized exchanges. Data shows that USDT balance surged to 62% in the Curve 3pool, while USDC and DAI comprised roughly 19-19% of all the assets in the pool. In the Uniswap USDT-USDC trading pool, the USDT balance reached $105.4 million compared to just $6.5 million for USDC. The current imbalance suggests that investors have a stronger preference for holding DAI and USDC due to the larger number of USDT sellers in the pool.

Author: Katie Lin

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Link: Imbalances in Stablecoin Pools Emerge as Traders Shed USDT Holdings   [Copy]
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