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.