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Tether de-pegs as Curve 3Pool becomes Imbalanced

June 15 (Cointime) - Tether's stablecoin, USDT, has deviated slightly from its peg due to an imbalance in Curve's 3Pool, which is a popular pool for stablecoin trading in decentralized finance. The ideal balance of the 3Pool should be 33.33% for each of its three stablecoins, but USDT's balance has increased to over 70%, indicating that traders are selling USDT for DAI or USDC. Tether's CTO, Paolo Ardoino, believes that the market is tense, and recent news is causing large groups to exit from crypto markets. Tether is prepared to redeem any amount and will monitor the situation.

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