Tether Imbalance Sends DeFi Markets Into Turmoil, Triggers Selling Surge

In a surprising turn of events, the DeFi sector is grappling with a significant imbalance in the Tether ($USDT) stablecoin on platforms like Curve and Uniswap. Recent reports from Kaiko have highlighted the imbalance, but sources indicate that heavy $USDT selling commenced at the start of July.