Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

“Isn’t it fascinating that USDt is being pressured down (slightly, within 10bps, just to push market makers to react), and USDc, the particular competitor that you would expect being gaining from the situation, is redeemed heavily nevertheless, while unexpectedly a competitor born 2 days ago is getting it all?,” he posted. “It feels definitely organic and not manipulative at all.”