July 24, 2024
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Blockchain News

‘Desperate’ Stablecoin Investor Pays $2 Million for Just $0.05 in $USDT After $USDC and $DAI Depeg

In an on-chain deal, a “desperate” cryptocurrency investor paid well over $2 million to switch into $USDT from an investment that gave them exposure to $USDC and the decentralized stablecoin $DAI, but they only got $0.05 back in exchange. The “desperate” trader held $2 million worth of liquidity provider tokens on Curve’s 3CRv, which offers

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