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Traders Turn to USDT As BUSD Dominates Heavily Imbalanced Curve Liquidity Pool

Curve pool’s Binance USD (BUSD) V2 pool is heavily imbalanced, with crypto traders showing preferences for Tether’s USDT.

The BUSD V2 dashboard shows that the embattled stablecoin accounted for roughly 81% of the pool’s $12.85 million reserve, while USDT made up 4%. The other stablecoins in the pool — USD Coin (USDC) and DAI — make up the balance.

Crypto analytical tool Chaineye said BUSD’s dominance surged from 68.3% to 79.1% on Feb. 13 following the regulatory action against the stablecoin issuer Paxos. A research analyst at 21 Shares, Tom Wan, added that BUSD liquidity decreased by $3 million.

Tether USDt Tether USDt $1.00
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