🚨 Crypto traders ditch Tether's USDT in droves! 🚨

- USDT balance surged to 62% in Curve Finance's 3pool

- USDT-USDC trading pool on Uniswap heavily imbalanced

- USDT price dropped to as low as 99.76 cents

Crypto traders seem to be abandoning Tether's USDT in key stablecoin pools on Curve Finance and Uniswap decentralized exchanges. The current imbalances suggest that investors prefer to hold DAI or USDC instead of USDT. USDT's price has been trading slightly below its $1 peg during the day, a consequence of the selling pressure.

Why do you think traders are ditching USDT? Share your thoughts in the comments! 👇