Stablecoin liquidity on Curve's 3pool falls to lowest level si | .

Stablecoin liquidity on Curve's 3pool falls to lowest level since Luna crash

Liquidity for stablecoin swaps on the Curve 3pool is now at its lowest level since the Luna collapse in May as traders continue to swap Tether’s USDT for other stablecoins, namely DAI and USDC. This has led to USDT losing its parity with the U.S. dollar amid the ongoing market tumult.

The Curve 3pool is the largest liquidity pool on the Curve decentralized exchange. This pool provides deep liquidity for swaps among the three largest stablecoins: USDT, USDC, and DAI. Under normal conditions, the pool is supposed to provide a capital-efficient means of swapping between any of the two stablecoins in the mix. This figure is also higher than it was during the Luna collapse when USDT accounted for 83% of the stablecoin pool.

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