Tether (USDT) Stability At Risk With Major Liquidation On Horizon!

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Data on Curve’s 3pool shows that its biggest liquidity pool is largely skewed towards USDT with 65% of supply.

"USDT is the most widely held and most accessible stablecoin in the world, so it is not a surprise that more people hold USDT and have it available to swap for other assets that they want to use for other purposes," as per Tether spokesman.

USDT’s total market capitalization has slumped by about $15 billion to $66 billion since May.

Till Date, USDT is still trading marginally below its dollar peg and has been for nearly two months.