Stable's initial large depositors are selling deposit certificates through their own pool, currently at a 14% premium.

PA一线
PA一线

PANews reported on October 30 that on-chain data shows that large depositors who made their first Stable deposits have created a liquidity pool on Uniswap containing the deposit certificate token ctStableUSDT (contract address: 0x6503de9FE77d256d9d823f2D335Ce83EcE9E153f) and USDT. The current liquidity pool is approximately $13.9 million, and the deposit certificate token ctStableUSDT is currently trading at 1.14 USDT, representing a 14% premium.

Previously, it was reported that only 274 addresses successfully participated in the first phase of Stable's $825 million pre-deposit program. Stable announced yesterday that the second phase of the pre-deposit program will launch next week.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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