USDT Imbalance on Curve Sees Irregular Inflows to Attain Highest Stage Since FTX Collapse

USDT balances on Curve’s standard 3pool, a stablecoin swapping pool made up of USDT, USDC, and DAI, rose to over 72% early on Thursday – suggesting merchants had exchanged tens of hundreds of thousands of USDT in favor of stablecoins USD coin (USDC) and dai (DAI).