Tether declares no FTX and Alameda-related risks, BUSD/USDT sees recent high price discrepancy
On 11/9, the USDT issuing company Tether issued a statement stating that "Tether has absolutely no loans to FTX or Alameda Research. Tether has no relationship with Alameda Research or FTX." However, currently there is a price difference in USDT, and the 3pool liquidity ratio is imbalanced.
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BUSD/USDT Price Spread Reaches Recent High
However, there is currently a high exchange rate of 1:1.0137 on Binance Exchange, marking the highest point since May of this year:
Netizens Analyze Significant Increase in 3pool USDT Ratio
According to @parsec_finance's analysis, this is due to someone, believed to be the attacker of Mango, shorting USDT, leading to a significant increase in the USDT ratio in the 3pool to 70%. As of the time of writing, USDT has increased to 84.96%.
On chain traders – led by mango exploiter avi eisenberg – shorting USDT against USDC
USDT goes from being underweight in 3pool to now 70% of assets, utilization up across lending pools pic.twitter.com/IfSBxSMXsP
— parsec (@parsec_finance) November 10, 2022
Some institutions have already expressed caution:
Crv中USDT的占比已经从昨天发文的50%上升到75%。
按照之前PandaDAO的撤出条件：
如果USDT的占比超过80%，则达到撤出标准，占比超过90%则必须完成撤出。无意对USDT进行Fud，只是一个数据展示。
然后疑问：为啥FTX暴雷，USDT会遭到承兑？？？ pic.twitter.com/0DMWagSEJV
— Panda (📜 🤝 🐼) (@hellopandadao) November 10, 2022