The Tether stablecoin (USDT) appears to have failed in convincing investors that it is able to handle mass redemptions in the market. Data from Curve- the largest DeFi stablecoin exchange- shows that its biggest liquidity pool is largely skewed towards USDT.
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BTC/USD$ 98,863.49 0.86%
ETH/USD$ 3,418.12 3.81%
USDT/USD$ 1.00 0.12%
SOL/USD$ 259.29 1.61%
BNB/USD$ 671.05 8.09%
XRP/USD$ 1.55 10.67%
DOGE/USD$ 0.471778 19.21%
ADA/USD$ 1.09 22.43%
USDC/USD$ 0.99999 0.03%
STETH/USD$ 3,416.14 3.69%
TRX/USD$ 0.21963 11.03%
AVAX/USD$ 43.07 13.54%
SHIB/USD$ 0.000028 12.91%
TON/USD$ 6.07 10.68%
WSTETH/USD$ 4,039.53 3.44%
WBTC/USD$ 98,497.39 0.44%
XLM/USD$ 0.441162 52.83%
DOT/USD$ 8.13 34.61%
LINK/USD$ 17.37 15.10%
BCH/USD$ 536.08 12.43%
SUI/USD$ 3.59 2.54%
WETH/USD$ 3,420.39 3.80%
PEPE/USD$ 0.000022 8.68%
LEO/USD$ 8.63 0.40%
NEAR/USD$ 6.42 15.48%
LTC/USD$ 103.17 15.30%
APT/USD$ 12.89 9.33%
UNI/USD$ 10.65 14.92%
WEETH/USD$ 3,588.64 3.57%
HBAR/USD$ 0.151445 15.99%
ICP/USD$ 11.70 20.44%
CRO/USD$ 0.19839 7.25%
USDS/USD$ 1.00 0.62%
ETC/USD$ 30.48 11.35%
POL/USD$ 0.565209 24.53%
KAS/USD$ 0.162214 10.32%
RENDER/USD$ 7.92 11.63%
TAO/USD$ 533.34 8.18%
BONK/USD$ 0.000051 3.29%
USDE/USD$ 1.00 0.16%
FET/USD$ 1.40 13.63%
WBT/USD$ 24.69 0.28%
VET/USD$ 0.044103 36.99%
WIF/USD$ 3.54 10.93%
ARB/USD$ 0.857091 9.01%
OM/USD$ 3.82 4.12%
DAI/USD$ 0.999773 0.07%
ATOM/USD$ 8.18 18.93%
STX/USD$ 2.12 13.30%
FIL/USD$ 5.29 15.42%