Curve Finance trading volume hits historic high of $7 billion after USDC depegged from Cointelegraph

Stablecoin swapping pool Curve Finance saw the highest daily trading volume in its history, exceed $7 billion in the 24 hours since the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty in the markets, causing (USDC) from the US dollar.

Curve supports liquidity pools for major stablecoins such as USDC (USDT), Frax (FRAX), Dai (DAI) and TrueUSD(). Fear, uncertainty and doubt have swept through the crypto markets over the past few hours, causing unbalanced pools in the decentralized finance platform due to a USDC sell-off – causing the stablecoin to fall below its $1 peg.

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