Tether's dominance in Curve's 3pool has increased to 80% amid rumors of Alameda swapping the stablecoin for DAI and USDC. Reports godbole17
Decentralized exchange Curve's 3pool, perhaps one of the most important pools for stablecoins in decentralized finance, is heavily imbalanced.
At press time, tether , the world's largest stablecoin by market value, accounted for 80% of the pool's liquidity. The other two pool components – MAkerDAO's DAI and USDC – accounted for 20%.The renewed imbalance suggests an increased preference for DAI and USDC over tether – a phenomenon last observed after Terra's crash in May saw tether turn volatile and lose its peg.
USDT accounted for 60% of the pool in July as the fear about tether permanently losing its 1:1 U.S. dollar peg gripped the market.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tether CTO denies exposure to FTX and Alameda after exchange's forced sale'Tether does not have any exposure to FTX or Alameda,' Ardoino tweeted, adding: '0. Null. Maybe is time to look elsewhere. Sorry guys. Try again.'
Read more »
Tether, Circle and Coinbase deny having exposure to FTX and AlamedaCircle CEO Jeremy Allaire clarified that the firm has not made loans, received FTX tokens (FTT) as collateral, or taken any positions on FTT.
Read more »
Stablecoin Giants Tether, Circle Disclose Financial Relationship With FTX, AlamedaTether and Circle confirmed no exposure to FTX or its sister trading firm Alameda as the liquidity crisis grips the crypto market.
Read more »
In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 centsAs Lebanon's economy spirals into hyperinflation, locals explain how cryptocurrency has replaced a financial system that no longer makes sense.
Read more »
Lunar eclipse 2022: When to see ‘blood moon,’ last total lunar eclipse for 3 yearsMidterm elections aren’t the only thing taking place in the U.S. today. 🌕 A total lunar eclipse tonight — the last one for three years — will create what’s known as a “blood moon.' This full moon is also called a 'beaver moon.' 🦫 Here's why:
Read more »