Curve Finance trading volume reaches $7B historic high after USDC depeg By Cointelegraph
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Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty across markets and depegged the (USDC) from the U.S. dollar.
Curve supports liquidity pools for major stablecoins, such as USDC, (USDT), Frax (FRAX), Dai (DAI) and TrueUSD (). Fear, doubt, and uncertainty have spread across crypto markets during the last few hours, resulting in unbalanced pools in the DeFi platform due to a sell-off of USDC, leading the major stablecoin price to fall below its $1 peg.
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Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty across markets and depegged the (USDC) from the U.S. dollar.
Curve supports liquidity pools for major stablecoins, such as USDC, (USDT), Frax (FRAX), Dai (DAI) and TrueUSD (). Fear, doubt, and uncertainty have spread across crypto markets during the last few hours, resulting in unbalanced pools in the DeFi platform due to a sell-off of USDC, leading the major stablecoin price to fall below its $1 peg.
Continue Reading on Coin Telegraph
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