The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is heavily imbalanced, with USDD accounting for almost 80% of assets in the pool. This imbalance suggests that more investors want to sell USDD than buy, putting downward pressure on USDD’s price. The USDD exchange rate for other stablecoins was most recently around 98.5 cents.
Related posts
-
Turkish Bank Garanti BBVA Embraces Digital Assets With New Crypto Wallet and Trading Platform
In a significant move towards embracing digital assets, Turkish... -
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
Malaysia’s Inland Revenue Board (IRB), in collaboration with the... -
Indian Authority Cracks Down on Highrich Online’s Crypto Operations
India’s Enforcement Directorate (ED) has conducted searches that uncovered...