A few words about stablecoin swap pools:
Curve’s StableSwap is an AMM designed specifically for assets with similar prices, such as swapping between different stablecoins or between ETH and stETH.
When a stablecoin in the pool becomes relatively cheap, arbitrageurs buy it to profit from the price difference, which also brings the pool back into balance.
Stablecoin pools also carry risks: if any stablecoin in the pool depegs, liquidity providers may be left holding a large amount of it.
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