Odaily Planet Daily News Traders seem to have dumped USDT in large quantities in the main stablecoin pools of Curve Finance and Uniswap decentralized exchanges, causing the pools to fall into a serious imbalance:
The data shows that the USDT balance in the Curve 3 pool has soared to 62%. The pool is composed of USDT, USDC and DAI stablecoins, while USDC and DAI account for about 19-19% of all assets in the pool; Uniswap’s USDT-USDC trading pool It is one of the most liquid currency pairs on the platform, with USDT balance of $105.4 million and USDC balance of only $6.5 million. (CoinDesk)
According to the CoinGecko market, at around 6:00 this morning, USDT fell back to $0.9976 for a short time, and the current price is $0.9994.