Curve pool imbalance triggers USDT depeg concerns: Finance Redefined By Cointelegraph

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

On June 15, an imbalance in Curve Finance’s 3pool led to a (USDT) depeg scare as the stablecoin’s weightage in the pool rose above 70%, leading to heavy selling. Tether’s chief technology officer claimed these market conditions are stress tests for the stablecoin and played down the depeg “FUD.”