Ideally, the weight of each USDT, USDC, and DAI in the stablecoin pool would be 33.3%, however, on June 15, the weight of USDT in the pool rose to over 70%.

The USDT ( USDT ) stablecoin issued by Tether deviated slightly from its U.S. dollar-pegged value on June 15 due to an imbalance in the Curve 3pool. USDT price fell 0.3% to around 0.997 as USDT’s weight in Curve 3pool increased from the ideal 33.1% to over 70%.

Curve's 3pool is a stablecoin mining pool for decentralized finance, with massive liquidity in the three top stablecoins in DeFi - USDT, USDC and DAI. A significant increase in the weight of a specific stablecoin in the curve pool indicates a massive sell-off of that stablecoin.

USDT’s weighting is around 73.8%, which means traders are increasingly selling their USDT in exchange for DAI or USDC. The last time FTX crashed in November 2022, USDT concentration in Curve 3pool was over 50%.

The borrower subsequently made deposits totaling $10 million and $21 million into V2 and V3, respectively. Subsequently, the borrower took out a USDT loan of $12 million from V3 and deposited it into V2.

About 20 minutes after czsamsun.eth borrowed USDT, another address (0xd2...0701) staked 52,200 stETH via Aave V2 and borrowed $50 million in USDC. Use USDC>USDT to peg, millions of USDC,

A small deviation in USDT price helped the USDC/USDT trading pair on Binance rise to a new yearly high of $1.0034. USDT accounts for 73.79% of Curve 3pool, DAI accounts for 13.05%, and USDC accounts for 13.16%.