Curve Finance Record HIghest Trading Volume in 3 Months Amid $USDT Depeg Fear

Curve Finance has recorded a trading volume of nearly $1 billion over the past 24 hours according data from Tokeninsight. The fear of $USDT de-peg has prompted traders to exchange the stablecoin for others, contributing to the higher than normal transaction volume. The last time Cruve saw such spike in volume was in March, when the market panicked about the $USDC de-peg.

Curve Finance deployed its native stablecoin crvUSD in early May. The circulating supply has been steadily increasing over the past months. The current supply amounted to $36 million. The dollar peg of crvUSD has been maintained in tight range amid the recent high market volatility.