The USDD liquidity pool on the decentralized finance protocol Curve, the place customers can commerce USDD for different stablecoins similar to USDT, USDC and DAI, is closely imbalanced, with USDD accounting for nearly 80% of property within the pool. This imbalance means that extra buyers wish to promote USDD than purchase, placing downward strain on USDD’s value. The USDD change charge for different stablecoins was most lately round 98.5 cents.
