USDT's rising dominance may trigger FUD 😱
In terms of cryptocurrencies, liquidity continues to flow out of CeFi exchanges, with BTC and ETH flowing out of exchanges at the same rate as the peak of the FTX crisis.
In addition, the circulation of stablecoins continues to shrink, and USDT's dominance continues to rise, becoming the main source of liquidity. However, this popularity is also a double-edged sword, as investors increasingly rely on Tether as a liquidity option to exit the market, resulting in a serious supply imbalance in iconic DeFi liquidity pools such as Curve, causing USDT to briefly decouple from the 3pool liquidity pool composed of DAI/USDC/USDT, thereby generating further FUD, reminding everyone to pay attention to safety.
