Whales have been selling off significant amounts of Tether (USDT), the largest stablecoin in the cryptocurrency market, leading to a surge in its dominance within the Curve 3pool liquidity pool. The unusual influx of USDT has triggered concerns about the stablecoin’s stability and caused apprehension surrounding USDT’s depegging.
Tether Reserves in Curve 3pool
Miles Deutscher took to Twitter to share rising concerns on USDT. He highlighted-
Whales have been dumping $USDT, resulting in USDT now comprising 50%+ of the Curve 3pool.
The recent dumping of USDT by whales has significantly impacted the composition of the Curve 3pool. USDT now comprises 73.17% of the liquidity pool, with over 13% each. This is the highest it has been since November 2022 (FTX collapse).
He is unclear if this sudden surge in USDT inflows is merely the result of FUD, or if there is insider knowledge driving these actions. A bulk of the scrutiny towards USDT comes from its de-peg in the wake of the Terra cra
We współpracy z: https://coingape.com/breaking-usdt-depegs-again-as-whales-dump-largest-stablecoin/
